Rayton
Evolving the Semiconductor Industry
Overview
Raised: $2,094,691
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/30/2020
Close Date
10/27/2021
Min. Goal
$10,000
Max. Goal
$3,000,000
Min. Investment
$501
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.33
Pre-Money Valuation
$50,876,569
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$5,344
# of Investors
1,954
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 pre-money valuation of $50.9 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. Andrew Yakub founded Rayton in 2013. The proceeds of the current crowdfunding round, with a minimum goal of $9,999.99 and a maximum goal of $186,160.92, will be used to make the final payment on the accelerator, create samples, and prepare to raise more capital. The technology of Rayton will help in reducing the price point and increasing the efficiency of semiconductor wafers.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$800 |
$800 |
| ||
| ||
|
Net Income |
$-1,176,386 |
$-2,577,297 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$11,721 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,509,223 |
$1,488,343 |
|
Short-Term Debt |
$681,537 |
$248,123 |
|
Long-Term Debt |
$622,852 |
$576,710 |
|
Total Liabilities |
$1,304,389 |
$824,833 |
Financials as of: 09/30/2020
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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 | $163,835 | 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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