Transizion

Transizion

Closed: Nov. 2022

About this raise: Transizion, with a valuation of $7 million, is raising funds on SeedInvest. It is an ed-tech mentorship platform that connects students and professionals for better college and career outcomes. The platform, CollegeRize, caters to students’ academic and career needs and helps young professionals monetize their career expertise. The B2C offering of Transizion has over 300 customers and has achieved $860,000 in revenue since inception, while the B2B platform is targeted to be live in the second half of 2022. Jason Patel and Dharik Patel founded Transizion in September 2015. The current crowdfunding campaign has a minimum RegCF target of $25,000, a minimum raise target of $500,000, and a maximum target of $1,070,000. The campaign proceeds will be used for scaling the tech team, content marketing, scaling the B2B team, and acquiring the supply side.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
SeedInvest
Start Date
09/09/2022
Close Date
11/17/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$1,000

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Early Bird Val. Cap

$5,000,000

Valuation Cap

$7,000,000

Discount

10%

Company & Team

Company

Year Founded
2015
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Old Bridge, New Jersey
Business Type
High Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Jason Patel
Title
Chief Executive Officer
Founder Name
Dharik Patel
Title
Chief Technology Officer

Funding data not publicly available

Financials

 Revenue +38% YoY
$328,904
 Monthly Burn
$7,367
 Runway
21.7 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$328,904

$238,241

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-88,399

$-149,972

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$159,768

$130,018

Accounts Receivable

$0

$70,000

Total Assets

$159,768

$200,018

Short-Term Debt

$178,273

$30,452

Long-Term Debt

$159,768

$200,018

Total Liabilities

$338,041

$230,470

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$30,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/17/2022 SeedInvest $7,000,000 $0 SAFE Not Funded RegCF / RegD 506(c)
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Add to portfolio
Transizion on SeedInvest 2022
Platform: SeedInvest
Security Type: SAFE
Valuation: $7,000,000

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Follow Transizion on SeedInvest 2022

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