Rixon Technology

Rixon Technology

Closed: May. 2022

About this raise

Rixon Technology is raising funds on SMBX. The company empowers businesses with a proactive and customizable approach to data security. The solutions offered by Rixon Technology help businesses overcome the complexities of regulatory requirements and cyber attacks. The patented, cloud-native, and vaultless tokenization technology of Rixon transforms sensitive information into unusable characters and eliminates data breaches. David Johnson and Justin Hatcher founded Rixon Technology in February 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for digital marketing, brand awareness, and working capital.

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Investment Overview

Invested this round: $112,530

Deal Terms

Total Commitments

Platform
SMBX
Start Date
03/02/2022
Close Date
05/02/2022
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2014
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Capital Intensity
Low
Location
Chandler, Arizona
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
David J. Johnson
Title
CEO
Founder Name
Justin Hatcher
Title
CTO

Financials

 Revenue +213% YoY
$176,609
 Monthly Burn
Profitable
 Cash on Hand
$83,165
 Gross Margin
93%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$176,609

$56,467

COGS

$12,872

$22,246

Tax

$2,013

$923

 

 

Net Income

$71,703

$11,841

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$83,165

$24,162

Accounts Receivable

$7,250

$9,116

Total Assets

$108,526

$33,278

Short-Term Debt

$1,191

$42

Long-Term Debt

$26,839

$26,842

Total Liabilities

$28,030

$26,884

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/02/2022 SMBX - $112,530 Debt Funded RegCF
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Rixon Technology on SMBX 2022
Platform: SMBX
Security Type: Debt

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

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