Rayton
Growth Stage
Evolving the Semiconductor Industry
Overview
Raised: $128,713
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/03/2022
Close Date
12/28/2022
Min. Goal
$10,000
Max. Goal
$3,011,000
Min. Investment
$500
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.35
Pre-Money Valuation
$57,729,621
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,497
# of Investors
125
Momentum
Funded
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Year Founded
2013
Industry
Industrial Services
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Rayton, with a valuation of $57.7 million, is raising funds on StartEngine. The company uses its patented particle accelerator-based technology to make engineered wafers. The wafers will find their use in next-generation electronics, thus expediting the growth of solar cells, cellular technology, automotive electronics, and 5G infrastructure. The technology of Rayton will help in reducing the price point and increasing the efficiency of semiconductor wafers. Andrew Yakub founded Rayton in 2013. The current crowdfunding campaign has a minimum target of $9,999.85 and a maximum target of $3,010,999.95. The campaign proceeds will be used to develop a full proof-of-concept and begin marketing the product.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$800 |
$800 |
| ||
| ||
|
Net Income |
$-642,901 |
$-1,061,719 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$575,168 |
$10,109 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,769,234 |
$1,770,584 |
|
Short-Term Debt |
$835,373 |
$346,934 |
|
Long-Term Debt |
$9,280 |
$582,813 |
|
Total Liabilities |
$844,653 |
$929,747 |
Financials as of: 10/03/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Rayton | 04/29/2024 | Wefunder | $57,904,986 | $406,889 | Equity - Preferred | Active | RegCF |
| Rayton | 12/28/2022 | StartEngine | $57,729,621 | $128,713 | Equity - Common | Funded | RegCF |
| Rayton | 10/27/2021 | StartEngine | $50,876,569 | $2,094,691 | Equity - Common | Funded | RegCF |
| Rayton | 06/30/2020 | StartEngine | $50,000,000 | $1,070,000 | Convertible Note | Funded | RegCF |
| Rayton | 07/01/2019 | StartEngine | $50,000,000 | $37,300 | Convertible Note | Not Funded | RegCF |
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