Rayton
Rayton Solar is a California-based solar cell manufacturer with a mission to integrate clean energy into everyday life.
Overview
Raised: $1,070,000
Total Commitments ($USD)
Platform
StartEngine
Start Date
07/17/2019
Close Date
06/30/2020
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$500
Security Type
Convertible Note
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$50,000,000
Discount
30%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/05/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,066
# of Investors
1,619
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2013
Industry
Industrial Services
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
High
Capital Intensity
High
Rayton, the manufacturer of engineered wafers for next-generation electronics, is raising funds on StartEngine. The company uses a patented technology based on particle accelerator to create the wafers that serve as the basis of automotive, solar, aerospace, 5G, and LED industries. Rayton was founded by Andrew Yakub in 2013. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $1,070,000, will be used to advance the beta phase production at Rayton. The company has already been awarded two patents and is backed by over 4,000 investors. The technology of Rayton is set to revolutionize the semiconductor industry.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,577,297 |
$-5,697,767 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$146,166 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,488,343 |
$1,732,226 |
|
Short-Term Debt |
$248,123 |
$188,761 |
|
Long-Term Debt |
$576,710 |
$105,305 |
|
Total Liabilities |
$824,833 |
$294,066 |
Financials as of: 07/17/2019
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 |
|---|---|---|---|---|---|---|---|
| Rayton | 04/29/2024 | Wefunder | $57,904,986 | $175,660 | 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 |
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$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
-
$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
Edge Pro
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.