Uruk Platform (2021)

Uruk Platform (2021)

Closed: Apr. 2021

About this raise

Uruk Platform, with a $10 million valuation cap, is raising crowdfunding on Wefunder. The company has developed a platform for project management that works on the SUKAD Way Project Management Framework. The platform is built on CAMMP to facilitate the workflow of the project life cycle. Mounir A. Ajam founded Uruk Platform in June 2019. The proceeds of the current crowdfunding campaign, with a minimum raise of $150,000 and a maximum raise of $1,000,000, will be used for outreach and marketing, management and business development, product development, and legal, patent, and trademark fees. Uruk Platform is led by a team with over 100 years of experience in project leadership. The platform will help companies save significant time and money for getting their product to the market.

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Investment Overview

Invested this round: $159,149

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
02/10/2021
Close Date
04/30/2021
Min. Goal
$150,000
Max Goal
$1,000,000
Min. Investment

$100

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$9,000,000

Valuation Cap

$10,000,000

Discount

10%

Company & Team

Company

Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Houston, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Mounir Ajam
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$7,914
 Runway
6.8 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-94,965

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$53,953

$0

Accounts Receivable

$0

$0

Total Assets

$55,382

$0

Short-Term Debt

$197

$0

Long-Term Debt

$150,050

$0

Total Liabilities

$150,247

$0

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Company Funding & Growth

Funding history

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Uruk Project Management (previously Uruk Platform) 12/31/2022 Wefunder $12,000,000 $77,550 Convertible Note Funded RegCF
Uruk Platform 04/30/2021 Wefunder $10,000,000 $159,149 Convertible Note 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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Uruk Platform on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $10,000,000

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