RAIDATech

Growth Stage

Superior blockchain alternative using patented technology

Overview

Raised to Date: Raised: $92,000

Total Commitments ($USD)

Platform

Silicon Prairie Online

Start Date

01/03/2023

Close Date

12/14/2023

Min. Goal

$20,000

Max. Goal

$2,000,000

Min. Investment

$500

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$2.00

Pre-Money Valuation

$89,219,325

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

316

% of Min. Goal

460%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,172

Momentum
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
Location

Youngsville, North Carolina

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

RAIDATech, with a valuation of $89.2 million, is raising funds on Silicon Prairie Online. The company aims to use the patented RAIDA technology solutions for various digital currencies and tokenization. As a first step, RAIDATech is taking an existing coin, Cloudcoin, and placing it on various large-scale exchanges. The company is using technology that is more secure, faster, more scalable, and more affordable than blockchain technology. Adam Steven Fogerson founded RAIDATech in 2018. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $2 million. The campaign proceeds will be used for development and staffing costs, promotional and publicity costs, and general operating capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$195,763

$14,445

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-620,447

$-259,967

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$171,786

$324,388

Accounts Receivable

$0

$0

Total Assets

$1,299,693

$748,267

Short-Term Debt

$530,973

$27,500

Long-Term Debt

$0

$0

Total Liabilities

$530,973

$27,500

Financials as of: 01/03/2023
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
RAIDATech 12/14/2023 Silicon Prairie Online $89,219,325 $92,000 Equity - Common Active RegCF
RAIDAtech 02/28/2021 TruCrowd $15,000,000 $642,565 Equity - Common Funded RegCF
RAIDAtech 10/31/2019 TruCrowd $10,700,000 $172,320 Equity - Common Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
RAIDATech on Silicon Prairie Online 2023
$
Platform: Silicon Prairie Online
Security Type: Equity - Common
Valuation: $89,219,325
Invest in a different round for this company? Use my investment date to determine which raise I invested in.

Follow company

Follow RAIDATech on Silicon Prairie Online 2023
View on Silicon Prairie Online