RemotelyMe
Early Stage
We transform work into wonderful in less than 10 minutes
Overview
Raised: $26,408
Total Commitments ($USD)
Platform
Netcapital
Start Date
02/27/2024
Close Date
06/03/2024
Min. Goal
$10,000
Max. Goal
$1,200,000
Min. Investment
$99
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$4,410,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/06/2024
Days Remaining
27
% of Min. Goal
264%
% of Max. Goal
2%
Likelihood of Max
Avg. Daily Raise
$383
Momentum
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Year Founded
2018
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
RemotelyMe, with a valuation of $4.4 million, is raising funds on NetCapital. The company has developed visual neuroscience and cognitive AI SaaS platforms to transform workers into winners. RemotelyMe combines work tech with biotech for users to know effectively who they are hiring and whether they can be trusted. The business has several strategic partnerships and has received the Pepperdine Most Fundable Company Silver Award. W. Craig Reed and Anthony Stewart founded RemotelyMe in October 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.2 million. The campaign proceeds will be used for sales and marketing, operations, research and development, and general and administrative expenses.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$302,684 |
$110,133 |
|
COGS |
$114,516 |
$8,033 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$4,850 |
$-16,009 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$20,257 |
$14,648 |
|
Accounts Receivable |
$38,555 |
$1,500 |
|
Total Assets |
$91,290 |
$16,148 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$17,500 |
$17,500 |
|
Total Liabilities |
$17,500 |
$17,500 |
Financials as of: 02/27/2024
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