utobo
Early Stage
The simplest platform for creating, teaching, and selling online courses
Overview
Raised: $33,787
Total Commitments ($USD)
Platform
Republic
Start Date
05/10/2022
Close Date
02/28/2023
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$18,750,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/04/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$115
# of Investors
120
Momentum
Funded
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Year Founded
2021
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
utobo, with a valuation of $18.75 million, is raising funds on Republic. The company has developed a highly-scalable SaaS platform for creating and selling online courses. The platform is simple and automated and gives a frictionless experience in becoming an online coaching brand. The platform has multimedia formats, flexible publishing, custom pricing, a calendar, BlueJeans and Zoom integrations, and Stripe and PayPal account integrations. utobo has over 1,525 creators from 50 countries and monthly revenue of over $15,000. Raj Sahu founded utobo in January 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for branding and marketing, research and development, salary and operations, and miscellaneous expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$37,550 |
$0 |
|
COGS |
$23,545 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-66,826 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$45,556 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$110,556 |
$0 |
|
Short-Term Debt |
$2,288 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$2,288 |
$0 |
Financials as of: 05/10/2022
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