Symmpl

Symmpl

Closed: Oct. 2017

About this raise

Symmpl, with a valuation of $3 million, is raising funds on StartEngine. It is a unique subscription software service that works on an iPad, making it easy for seniors to communicate and explore the Internet. Symmpl comes with an inbuilt Talking Assistant, Symantha, that guides seniors through every step of every activity and enables them to have fun on the Internet. Jay Smith and Anson Sims founded Symmpl in May 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $100,000. The campaign proceeds will be used for R&D and production, marketing, operations, and general and administrative expenses.

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Investment Overview

Invested this round: $18,500

Deal Terms

Platform
StartEngine
Start Date
08/24/2017
Close Date
10/23/2017
Min. Goal
$10,000
Max Goal
$100,000
Min. Investment

$500

Security Type

Equity - Preferred

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$3,046,923

Company & Team

Company

Year Founded
2014
Industry
Consumer Products, Goods & Services
Tech Sector
AutomationTech
Location
Pacific Palisades, California
Company Website
Visit Website

Team

Funding data not publicly available

Financials

 Revenue
$0
as of FY2016
 Monthly Burn
$12,010
as of FY2016
 Runway
1.3 months
as of FY2016

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-144,114

$-144,919

Summary Balance Sheet

FY 2016 FY 2015

Cash

$15,610

$2,699

Accounts Receivable

$0

$0

Total Assets

$23,207

$10,296

Short-Term Debt

$8,840

$816

Long-Term Debt

$401,386

$252,386

Total Liabilities

$410,226

$253,202

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/23/2017 StartEngine $3,046,923 $18,500 Equity - Preferred Funded RegCF
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Add to portfolio
Symmpl on StartEngine 2017
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $3,046,923
Price per Share: $0.50

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Follow Symmpl on StartEngine 2017

Buy Symmpl's Deal Report

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

Symmpl Deal Report

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  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Symmpl is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

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