TradeAlgo
Growth Stage
Powering the personal wealth movement
Overview
Raised: $1,965,473
Total Commitments ($USD)
Platform
Dalmore Group
Start Date
07/21/2023
Close Date
09/30/2023
Min. Goal
$10,000
Max. Goal
$2,300,000
Min. Investment
$100
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$2.95
Pre-Money Valuation
$375,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
4
% of Min. Goal
19,655%
% of Max. Goal
85%
Likelihood of Max
Avg. Daily Raise
$29,335
# of Investors
420
Momentum
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Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
TradeAlgo, with a valuation of $375 million, is raising funds on Dalmore Group. The company has developed a platform to provide independent insights to investors through cutting-edge algorithms and AI. TradeAlgo is one of the first platforms to track off-market dark flow activity and provide real-time metrics. The platform uses algorithms and AI applied to market data, along with a profitable customer acquisition strategy, to power the personal wealth movement. Jon Stone founded TradeAlgo in September 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.89 million. The campaign proceeds will be used for operations, marketing, research and development, inventory, working capital, and professional services.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$9,499,858 |
$3,291 |
|
COGS |
$0 |
$8,700 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-13,541,026 |
$-12,327 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$2,566,782 |
$11,706 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,974,565 |
$278,105 |
|
Short-Term Debt |
$70,218 |
$0 |
|
Long-Term Debt |
$9,781,262 |
$290,431 |
|
Total Liabilities |
$9,851,480 |
$290,431 |
Financials as of: 07/21/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| TradeAlgo | 09/30/2023 | Dalmore Group | $375,000,000 | $1,965,473 | Equity - Common | Active | RegCF |
| TradeAlgo | 11/04/2022 | StartEngine | $117,608,000 | $3,863,268 | Equity - Common | Funded | RegCF |
| TradeAlgo | 05/22/2022 | StartEngine | $28,332,000 | $1,060,646 | Equity - Common | Funded | RegCF |
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