Trust Stamp (2022)

Trust Stamp (2022)

About this raise

TrustStamp, with a valuation of $77.5 million, is raising funds on Dalmore Group. The company offers AI-powered identity and trust solutions for secure societal and financial inclusion. It uses its transformational technology solutions for data protection, financial accessibility, and fraud prevention. TrustStamp generated $2.87 million in gross revenues in 2020 and has 24 customers, including MasterCard International. Gareth N. Genner and Andrew Gowasack founded TrustStamp in April 2016. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $5,000,000. The campaign proceeds will be used for marketing, mergers and acquisition war chest, and accelerated productization of IP.

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Investment Overview

Invested this round: $5,000,000

Deal Terms

Total Commitments

Platform
Dalmore Group
Start Date
08/24/2021
Close Date
01/31/2022
Min. Goal
$100,000
Max Goal
$5,000,000
Min. Investment

$1,000

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.00

Pre-Money Valuation

$77,500,000

Company & Team

Company

Year Founded
2016
Industry
Security, Cybersecurity, & Defense
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Atlanta, Georgia
Business Type
High Growth
Company Website
Visit Website

Team

Employees
73
Prior Founder Exits?
Yes
Founder Name
Gareth Genner
Title
CEO
Founder Name
Andrew Gowasack
Title
President, Executive Director

Financials

 Revenue +256% YoY
$2,648,324
 Monthly Burn
$919,416
 Runway
1.6 months
Gross Margin
47%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,648,324

$2,108,884

COGS

$1,393,623

$702,744

Tax

$0

$0

 

 

Net Income

$-11,032,994

$-2,136,775

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,469,952

$331,761

Accounts Receivable

$140,853

$87,759

Total Assets

$4,812,766

$3,992,125

Short-Term Debt

$344,219

$0

Long-Term Debt

$0

$2,236,953

Total Liabilities

$344,219

$2,236,953

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$21,000,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/31/2022 Dalmore Group $77,500,000 $5,000,000 Equity - Common Funded RegCF
07/19/2020 SeedInvest $25,000,000 $6,664,893 Equity - Preferred Funded RegA+
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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TrustStamp on Dalmore Group 2021
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $77,500,000
Price per Share: $4.00

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Warning: according to the close date for this deal, Trust Stamp may no longer be accepting investments.

Trust Stamp Deal Report

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