About this raise
Strengths, with a pre-money valuation of $16 million, is raising funds on StartEngine. The AI-powered Coaching and SmartAudio platforms of Soar, presented by Strengths, connect people with the right individuals and information to develop through life. The Strengths platforms assist people in improving their wellbeing, discovering innate talents, finding their purpose in life, strengthening the relationships, and increasing their motivation. Strengths was founded by Paul Allen and Clint Carlos in 2017. The proceeds of the current crowdfunding campaign, with a minimum raise of $9,999.75 and a maximum raise of $267,889.50, will be used to develop new tools and platforms. Strengths reported sales bookings of $930,000 in 2019 from its pilot customers and expects to generate $3.5 million in sales in 2020.
Investment Overview
Invested : $267,164
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 06/25/2020
- Close Date
- 10/19/2020
$10,000
$267,890
$499
Equity - Common
Early Stage
RegCF
$0.75
$16,000,000
Company & Team
Company
- Year Founded
- 2017
- Industry
- Education, Training, & Coaching
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +454% YoY
- $490,404
- Monthly Burn
- $182,014
-
Runway
- 0.3 months
- Gross Margin
- 45%
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Funding history
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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.