SEATXCHANGE

SEATXCHANGE


About this raise: SEATXCHANGE, with a valuation of $5 million, is raising funds on StartEngine. The company has developed a must-have app for live events. SEATXCHANGE allows users to compare prices of any tickets in one spot, buy tickets after an event starts, save up to 20% or more, and easily transfer their tickets. The app can also be used to see if friends are going to an event and get seats together or exchange with others while there. Amir Amini founded SEATXCHANGE in September 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $107,000. The campaign proceeds will be used for R&D and production, marketing, and working capital.

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Investment Overview

Invested this round: $55,800

Deal Terms

Platform
StartEngine
Start Date
07/21/2017
Close Date
09/02/2017
Min. Goal
$10,000
Max. Goal
$107,000
Min. Investment

$250

Security Type

Convertible Note

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Company & Team

Company

Year Founded
2016
Industry
Media, Entertainment & Publishing
Tech Sector
Location
Los Angeles, California
Company Website
Visit Website

Team

Funding data not publicly available

Financials

as of Fiscal Year 2016
 Revenue
$0
 Monthly Burn
$12,904
 Runway
3.6 months

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-154,847

$0

Summary Balance Sheet

FY 2016 FY 2015

Cash

$46,413

$0

Accounts Receivable

$0

$0

Total Assets

$54,413

$0

Short-Term Debt

$25,000

$0

Long-Term Debt

$0

$0

Total Liabilities

$25,000

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/28/2018 StartEngine $5,000,000 $19,100 Convertible Note Funded RegCF
09/02/2017 StartEngine $5,000,000 $55,800 Convertible Note Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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SEATXCHANGE on StartEngine 2017
Platform: StartEngine
Security Type: Convertible Note
Valuation: $5,000,000

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Follow SEATXCHANGE on StartEngine 2017

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

SEATXCHANGE Deal Report

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  • Scores on the founding team and key personnel's background and expertise

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