Uruk Project Management (previously Uruk Platform) (2022)

Uruk Project Management (previously Uruk Platform) (2022)

Closed: Dec. 2022

About this raise

Uruk Project Management, with a valuation of $12 million, 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. Uruk platform is ready to use for early adopters and has about 60 users exploring the platform. Mounir A. Ajam founded Uruk Project Management in June 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $378,000. The campaign proceeds will be used for outreach, sales, marketing, management, product development, and legal fees.

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Investment Overview

Invested this round: $77,550

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
05/09/2022
Close Date
12/31/2022
Min. Goal
$50,000
Max Goal
$378,000
Min. Investment

$100

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$12,000,000

Discount

20%

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
9
Prior Founder Exits?
No
Founder Name
Mounir Ajam
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$15,948
 Runway
5.3 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-191,381

$176,210

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$84,010

$22,007

Accounts Receivable

$0

$0

Total Assets

$85,248

$23,341

Short-Term Debt

$274,366

$47,862

Long-Term Debt

$251,987

$225,214

Total Liabilities

$526,353

$273,076

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$493,199
VC Backed?
No
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 Project Management on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $12,000,000

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Warning: according to the close date for this deal, Uruk Project Management (previously Uruk Platform) may no longer be accepting investments.

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