Tropical Weather Analytics
Early Stage
Custom weather analytics
Overview
Raised: $101,449
Total Commitments ($USD)
Platform
Spaced Ventures
Start Date
05/17/2022
Close Date
09/30/2022
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$12,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$751
# of Investors
230
Momentum
Funded
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Year Founded
2016
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Tropical Weather Analytics, with a valuation of $12 million, is raising funds on Spaced Ventures. The company has developed a high-resolution system for custom weather analytics and forecasting. The system is based on a NanoSat constellation that takes 3D wind measurements and predicts extreme weather phenomena. Tropical Weather Analytics was the winner of NASA’s 2017 Innovation in Earth Science and Remote Sensing Award and has $108 million invested in it by NASA. A.T. Stair, Jr. founded Tropical Weather Analytics in January 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used to meet customer demand and support the continued interest and growth in multiple industries.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-28,769 |
$-54,274 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,224 |
$933 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,224 |
$933 |
|
Short-Term Debt |
$384,012 |
$407,452 |
|
Long-Term Debt |
$0 |
$25,919 |
|
Total Liabilities |
$384,012 |
$433,371 |
Financials as of: 05/17/2022
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