TruePrep.ai

TruePrep.ai

TruePrep.ai, with a valuation of $15 million, is raising funds on StartEngine. It is an innovative tax technology company focused on revolutionizing tax preparation through AI automation. TruePrep.ai’s flagship product, TruePilot, automates tax research, tax planning, and tax calculations for small and mid-sized businesses and provides tailored advisory services with accuracy. TruePilot creates tax projections in minutes, answers complex tax questions in real time, and pinpoints clients affected by tax changes. David S Haase II founded TruePrep.ai in August 2023. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, company employment, and working capital.

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Investment Overview

Raised this Round: Raised: $5,449

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
10/09/2024
Close Date
01/07/2025
Min. Goal
$15,000
Max. Goal
$1,234,980
Min. Investment

$300

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$15.00

Pre-Money Valuation

$15,000,000

Company & Team

Company

Year Founded
2023
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Location
Rancho Santa Fe, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
David Haase
Title
CEO & Director
Founder Name
Santosh Shah
Title
Chief Technology Officer

Financials

as of August 22, 2024
 Revenue
$1,108
 Monthly Burn
$55,000
 Runway
1 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,108

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-394,009

$-21,974

Summary Balance Sheet

FY 2023 FY 2022

Cash

$6,647

$186

Accounts Receivable

$0

$0

Total Assets

$87,457

$80,996

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$681,500
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/07/2025 StartEngine $15,000,000 $5,449 Equity - Common Active RegCF
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Add to portfolio
TruePrep.ai on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,000,000
Price per Share: $15.00

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Follow TruePrep.ai on StartEngine 2024

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