Thinkster Learning

Thinkster Learning

Growth Stage

Organizing Tutoring Market with Coaches Superpowered by AI

Organizing Tutoring Market with Coaches Superpowered by AI

Overview

Raised this Round: Raised: $25,573

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/17/2024

Close Date

07/30/2024

Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.42

Pre-Money Valuation

$35,460,480

Year Founded

2014

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Kendall Park, New Jersey

Business Type

High Growth

Thinkster Learning, with a valuation of $35.46 million, is raising funds on StartEngine. It is a learning platform redefining tutoring by combining artificial intelligence with expert coaching. Thinkster Learning makes learning faster and easier with AI that adapts to each student’s goals and needs and sells to both consumers and schools. The platform has over 4 million monthly website visitors from more than 30 countries and has generated $21 million in lifetime revenues. Rajesh Elayavalli founded Thinkster Learning in January 2014. The current crowdfunding campaign has a minimum target of $14,999.88 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, marketing, company employment, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$4,250,692

$4,466,907

COGS

$1,255,731

$1,348,817

Tax

$0

$0

 

 

Net Income

$-1,936,402

$-3,061,681

Summary Balance Sheet

FY 2023 FY 2022

Cash

$233,288

$999,135

Accounts Receivable

$37,249

$67,471

Total Assets

$1,934,611

$2,495,048

Short-Term Debt

$1,581,536

$936,228

Long-Term Debt

$5,516,810

$4,763,784

Total Liabilities

$7,098,346

$5,700,012

Financials as of: 06/17/2024
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Thinkster Learning on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $35,460,480
Price per Share: $0.42

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