Tiro
Early Stage
A better testing tool for teachers. Deeper learning for students.
Overview
Raised: $81,327
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/10/2020
Close Date
02/28/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$2,001,000
Valuation Cap
$3,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$478
# of Investors
58
Momentum
Funded
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Year Founded
2018
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Tiro, with a $3 million valuation cap, is raising funds on Wefunder. The platform is using an innovative and proprietary code to build a research-driven tool for teachers to test students better. The tool will provide teachers the right data to provide a deeper analysis of the abilities and needs of students. Elliott Goodman and Brian A. Carroll founded Tiro in 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000, and the proceeds will be used for backend development of the student-facing product, financial audit, marketing, web hosting costs, and legal services for patents and trademarks. Tiro founders have decades of teaching experience and know what the teachers and students need, especially with most of the schools going remote.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$50 |
$0 |
| ||
| ||
|
Net Income |
$-11,480 |
$-25 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,175 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,175 |
$0 |
|
Short-Term Debt |
$0 |
$25 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$25 |
Financials as of: 09/10/2020
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