Tect
Early Stage
A people-first platform connecting architects & engineers with building industry product experts
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/07/2023
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
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
08/27/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
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: 06/07/2023
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