StartupWind

StartupWind

Closed: Mar. 2023

About this raise

StartupWind, with a valuation of $26.1 million, is raising funds on StartEngine. It is an AI-powered innovation and mentoring platform that helps small business owners acquire critical business skills. The platform offers over 40 video-based courses, business planning tools, self-service accelerator programs, and connections to more than 1,200 mentors. StartupWind reported 25,000 engaged users, 10,000 small business owners, and $250,000 ARR in 2021. Narendra K Patil and Uday Dhanikonda founded StartupWind in January 2016. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1,234,998. The campaign proceeds will be used to increase the number of users and revenue.

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Investment Overview

Invested this round: $311,282

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
10/05/2022
Close Date
03/06/2023
Min. Goal
$9,999
Max Goal
$1,234,998
Min. Investment

$500

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.25

Pre-Money Valuation

$26,052,750

Company & Team

Company

Year Founded
2016
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Cupertino, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Narendra Patil
Title
CEO & Chair of the Board
Founder Name
Uday Dhanikonda
Title
SVP Engineering, CFO, Board of Directors

Financials

 Revenue +24% YoY
$252,313
 Monthly Burn
$6,236
 Runway
11.8 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$252,313

$204,150

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-74,835

$-133,946

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$73,503

$68,328

Accounts Receivable

$2,480

$4,980

Total Assets

$75,983

$73,308

Short-Term Debt

$172,224

$170,806

Long-Term Debt

$41,000

$41,000

Total Liabilities

$213,224

$211,806

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$993,500
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/06/2023 StartEngine $26,052,750 $311,282 Equity - Common Funded RegCF
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Add to portfolio
StartupWind on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $26,052,750
Price per Share: $2.25

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Follow StartupWind on StartEngine 2022

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