Tect

Tect

Early Stage

A people-first platform connecting architects & engineers with building industry product experts

A people-first platform connecting architects & engineers with building industry product experts

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/06/2023

Close Date

08/27/2023

Min. Goal
$50,000
Max. Goal
$1,004,375
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Year Founded

2019

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

SACRAMENTO, California

Business Type

High Growth

Tect, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a platform to connect engineers and architects with building industry product experts. The platform works as the shortest path from keyword to product expert and brings about high levels of collaboration and wisdom. Tect is a people-first solution and delivers a financial and social impact with improved sustainability, affordability, and safety. Bob Habian founded Tect in May 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for hiring, marketing and communications, continued product development and improvement, and general administration overhead.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$31,800

$4,000

COGS

$29,065

$9,516

Tax

$1,573

$1,275

 

 

Net Income

$-559,713

$-740,345

Summary Balance Sheet

FY 2022 FY 2021

Cash

$84,097

$9,189

Accounts Receivable

$6,517

$1,867

Total Assets

$132,108

$34,471

Short-Term Debt

$15,039

$37,689

Long-Term Debt

$0

$0

Total Liabilities

$15,039

$37,689

Financials as of: 06/06/2023
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Tect on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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