Scaeva Technologies
Early Stage
Incredible Spatial Audio Experiences
Overview
Raised: $96,440
Total Commitments ($USD)
Platform
StartEngine
Start Date
04/07/2022
Close Date
08/08/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$500
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$23,221,514
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$790
# of Investors
27
Momentum
Funded
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Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B
Margin
High
Capital Intensity
High
Scaeva Technologies, with a valuation of $23.2 million, is raising funds on StartEngine. The company is democratizing the audio content creation process with its patented sound technology. The technology of Scaeva transforms traditional sound into pro-grade spatial audio and creates immersive virtual experiences. Scaeva Technologies has eight patent filings and is demonstrating a second-gen platform to prospective commercial partners. Steven E. Curd and Wendy Curd founded Scaeva Technologies in May 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$277,000 |
|
COGS |
$0 |
$73,623 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,129,512 |
$-1,652,898 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$40,857 |
$216,351 |
|
Accounts Receivable |
$0 |
$277,000 |
|
Total Assets |
$269,773 |
$648,995 |
|
Short-Term Debt |
$679,075 |
$815,433 |
|
Long-Term Debt |
$877,970 |
$0 |
|
Total Liabilities |
$1,557,045 |
$815,433 |
Financials as of: 04/07/2022
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