SwitchBin
[Closed for Investment] SwitchBin, with a valuation of $25 million, is raising funds on StartEngine. The company has developed an automated solution for trading in and buying new devices. The interactive kiosk of SwitchBin will help users to trade in and upgrade their phones conveniently, securely, and quickly. The technology of SwitchBin can also be upgraded and applied to all connected devices, laptops, set-top boxes, and other categories. George Abdelmalak and Robert Kilinski founded SwitchBin in May 2020. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $1,069,997.76. The campaign proceeds will be used for trial deployment.
Investment Overview
Raised: $19,462
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 07/18/2022
- Close Date
- 09/30/2022
$10,000
$1,069,998
$250
Equity - Common
Pre-Seed
RegCF
$3.12
$24,975,000
Company & Team
Company
- Year Founded
- 2020
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/30/2022 | StartEngine | $24,975,000 | $19,462 | Equity - Common | Not Funded | RegCF |