Turant (2023)

Turant (2023)

Closed: Feb. 2023

About this raise

Turant, with a valuation of $6 million, is raising funds on Wefunder. The company has developed the technology to use voice for financial transactions. The voice-based authentication system of Turant will allow access to the digital economy to anyone using voice and will expand into automated digital payments and stock brokerage. Turant is in trials in over 30 customer opportunities and four partners. Anurag Goel founded Turant in September 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product hardening, making the product scalable, sales and marketing, regulatory filing, patent filing, ongoing R&D, and accounting fees.

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Investment Overview

Invested this round: $128,523

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
10/31/2022
Close Date
02/15/2023
Min. Goal
$50,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,000,000

Valuation Cap

$6,000,000

Discount

20%

Company & Team

Company

Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Saratoga, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Anurag Goel
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$309
 Runway
20.7 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-3,708

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$6,385

$0

Accounts Receivable

$0

$0

Total Assets

$6,385

$0

Short-Term Debt

$10,093

$0

Long-Term Debt

$0

$0

Total Liabilities

$10,093

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 Wefunder $8,500,000 $266,715 SAFE Active RegCF
02/15/2023 Wefunder $6,000,000 $128,523 SAFE Funded RegCF
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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

Employee History

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Add to portfolio
Turant on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

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Follow Turant on Wefunder 2022

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