Transizion

Transizion

Early Stage

EdTech mentorship platform

EdTech mentorship platform

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

SeedInvest

Start Date

09/08/2022

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%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

11/16/2022

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

$0

Momentum
Not Funded
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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

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.

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

Financials as of: 09/08/2022
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Transizion on SeedInvest 2022
Platform: SeedInvest
Security Type: SAFE
Valuation: $7,000,000

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