Terbine

Terbine

Growth Stage

The Global Exchange for IoT Data

The Global Exchange for IoT Data

Overview

Raised to Date: Raised: $15,807

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/03/2021

Close Date

03/15/2022

Min. Goal
$9,998
Max. Goal
$1,049,998
Min. Investment

$242

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.24

Pre-Money Valuation

$54,964,184

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

03/14/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$98

# of Investors

25

Momentum
Not Funded
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Year Founded

2015

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Las Vegas, Nevada

Business Type

High Growth

Terbine, with a valuation of $55 million, is raising funds on StartEngine. The company has developed a platform for the global exchange of IoT data. The platform takes raw data from machines ranging from land systems to satellites, gives it some context, makes it searchable by users, and makes the data financially valuable. Terbine has raised $3.1 million in previous rounds of financing and is working on building business development relationships. David Knight and Brian Enochson founded Terbine in May 2015. The current crowdfunding campaign has a minimum target of $9,997.92 and a maximum target of $1,049,997.84. The campaign proceeds will be used to take advantage of the third wave of computing and communications.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-607,706

$-1,225,988

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$66,791

$553,167

Accounts Receivable

$0

$0

Total Assets

$452,726

$769,497

Short-Term Debt

$1,363,995

$908,188

Long-Term Debt

$3,299,684

$3,008,750

Total Liabilities

$4,663,679

$3,916,938

Financials as of: 10/03/2021
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Terbine on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $54,964,184
Price per Share: $4.24

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