RAIDAtech (2019)

About this raise

RAIDAtech, a superior blockchain alternative with a pre-money valuation of $10.7 million, is raising funds on TruCrowd. The company has a patented RAIDA technology that can be explored and implemented by any company looking at using blockchain. RAIDAtech aims to use its technology in asset tokenization, customer engagement, secure communication, anti-counterfeiting, and medication adherence. RAIDAtech was founded by Sean H. Worthington in August 2018. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the proceeds will be used for R&D, sales and marketing, and human resources and operations. The technology of RAIDAtech is scalable, fast, secure, affordable, and eco-friendly and is capable enough to challenge the existing players in the blockchain space.

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Investment Overview

Invested this round: $172,320

Deal Terms

Total Commitments

Platform
truCrowd
Start Date
07/09/2019
Close Date
10/31/2019
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$200

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$10,700,000

Company & Team

Company

Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
Capital Intensity
Location
Youngsville, North Carolina
Company Website
Visit Website

Team

Employees
1

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
RAIDATech 12/14/2023 Silicon Prairie Online $89,219,325 $112,500 Equity - Common Funded 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
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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RAIDAtech on TruCrowd
Platform: truCrowd
Security Type: Equity - Common
Valuation: $10,700,000
Price per Share: $1.00

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Warning: according to the close date for this deal, RAIDAtech may no longer be accepting investments.

RAIDAtech Deal Report

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