Sonatafy Technology

Sonatafy Technology

Closed: Jun. 2022

About this raise

Sonatafy Technology, with a valuation of $30 million, is raising funds on Wefunder. The company helps businesses in nearshoring by matching them with top talent to complement their existing IT teams. The platform provides companies with talented developers and engineers and accelerates their software development efforts. Sonatafy Technology has over $22 million in customer pipeline and expects to generate top-line revenue of $3.6 million for 2021. Steve Taplin and David Turner founded Sonatafy Technology in August 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, technology, operating and growth capital, and debt repayment.

Expand

Investment Overview

Invested this round: $113,250

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
03/02/2022
Close Date
06/11/2022
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$150

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$30,000,000

Company & Team

Company

Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Location
Las Vegas, Nevada
Business Type
Growth
Company Website
Visit Website

Team

Employees
74
Prior Founder Exits?
No
Founder Name
Steve Taplin
Title
CEO

Financials

 Revenue +50% YoY
$3,600,000
 Monthly Burn
$19,601
 Runway
8.8 months
 Gross Margin
37%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,397,185

$0

COGS

$1,505,557

$0

Tax

$0

$0

 

 

Net Income

$-235,209

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$171,568

$0

Accounts Receivable

$184,389

$0

Total Assets

$434,502

$0

Short-Term Debt

$42,237

$0

Long-Term Debt

$1,110,786

$0

Total Liabilities

$1,153,023

$0

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/11/2022 Wefunder $30,000,000 $113,250 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Sonatafy Technology on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Common
Valuation: $30,000,000
Price per Share: $1.00

Follow company

Follow Sonatafy Technology on Wefunder 2022

Buy Sonatafy Technology's Deal Report

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

Sonatafy Technology Deal Report

Get Kingscrowd's comprehensive report on Sonatafy Technology including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Sonatafy Technology is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Sonatafy Technology deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge