Sparx Holdings Group (2024)

About this raise

Sparx Holdings Group, with a valuation of $4.7 million, is raising funds on NetCapital. The company is transforming fire protection with its life-saving fire protection technology. Sparx Holdings Group’s patent-pending Smart Sprinkler System uses cutting-edge sensors and wireless communications to achieve rapid and decisive action against fires. The business has unveiled its prototype Smart Sprinkler System at the 2024 Fire and Life Safety Conference and has been featured in Fire Protection Contractor Magazine. Cassandra DeNunzio founded Sparx Holdings Group in June 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $124,000. The campaign proceeds will be used for system prototype builds, verification and validation, third-party testing, working capital, and research and development.

Investment Overview

Invested this round: $14,000

Deal Terms
Company & Team

Total Commitments

Platform: Netcapital
Start Date: 06/05/2024
Close Date: 09/20/2024

Min. Goal
$10,000

Max Goal
$124,000

Min. Investment

$99

Security Type

Equity - Preferred

Company Stage

Early Stage

SEC Filing Type

RegCF

Price Per Share

$1.00

Pre-Money Valuation

$4,736,811

Company

Year Founded: 2021
Industry: Consumer Products, Goods & Services
Tech Sector: AutomationTech
Distribution Model: B2B
Margin: Medium
Capital Intensity: High
Location: CRANSTON, Rhode Island
Business Type: Growth
Company Website: Visit Website

Team

Employees: 3
Prior Founder Exits?: No

Founder Name: Cassie DeNunzio
Title: CEO, CFO, President, and Director

Founder Name: Jeffrey DeNunzio
Title: Director

Financials

Revenue: $0
as of FY2023
Monthly Burn: $3,974
as of FY2023
Runway: 0 months
as of FY2023

View Detailed Financials

Summary Profit and Loss Statement

	FY 2023	FY 2022
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0


Net Income	$-47,685	$-5,743

Summary Balance Sheet

	FY 2023	FY 2022
Cash	$100,219	$0
Accounts Receivable	$0	$0
Total Assets	$100,219	$0
Short-Term Debt	$0	$0
Long-Term Debt	$0	$0
Total Liabilities	$0	$0

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Ratings

Total Prior Capital Raised: $146,500
VC Backed?: No

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
12/31/2025	Self Managed	$209,118,773	$130,500	Equity - Common	Active	RegA+
09/20/2024	Netcapital	$4,736,811	$14,000	Equity - Preferred	Funded	RegCF

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Revenue
Valuation
Price per Share
Employees

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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View on Netcapital

Preferred Stock, $4.7M • Closed

3 Following

Add to Portfolio

1 Invested

Deal Considerations

1
Key Challenges
- Try Edge free for 7 days
Other Risks
- No other risks found

Sparx Holdings Group (2024)

Sparx Holdings Group (2024)

About this raise