Securlinx

Securlinx

[Closed for Investment] Securlinx, with a valuation of $13 million, is raising funds on StartEngine. The company is working on biometric identity verification and management. The company has developed a BioTOKEN that uses people’s faces and driver’s licenses to create an encrypted token that can be used to verify their identity. BioTOKEN is owned by the user, compiles all the information, and builds a trail of where the information has been used. Barry Hodge founded Securlinx in February 2004. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,999.75. The campaign proceeds will be used for growth and expansion.

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Investment Overview

Raised this Round: Raised: $186,492

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
07/20/2022
Close Date
10/17/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.25

Pre-Money Valuation

$13,001,243

Company & Team

Company

Year Founded
2004
Industry
Security, Cybersecurity, & Defense
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Novi, Michigan
Business Type
High Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Barry Hodge
Title
CEO

Financials

 Revenue -25.3% YoY
$492,672
 Monthly Burn
Profitable
 Cash on Hand
$2,813
Gross Margin
57%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$492,672

$659,925

COGS

$210,016

$549,755

Tax

$0

$0

 

 

Net Income

$145,720

$-152,348

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,813

$2,144

Accounts Receivable

$0

$0

Total Assets

$3,813

$2,144

Short-Term Debt

$1,497,098

$1,455,640

Long-Term Debt

$26,487

$27,400

Total Liabilities

$1,523,585

$1,483,040

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$120,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/17/2022 StartEngine $13,001,243 $186,492 Equity - Common Funded RegCF
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Add to portfolio
Securlinx on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $13,001,243
Price per Share: $0.25

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Follow Securlinx on StartEngine 2022

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