Vasitum

Vasitum

Early Stage

AI-Powered Recruitment Automation Platform

AI-Powered Recruitment Automation Platform

Overview

Raised to Date: Raised: $47,908

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/26/2022

Close Date

12/19/2022

Min. Goal
$9,999
Max. Goal
$1,234,999
Min. Investment

$249

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.10

Pre-Money Valuation

$11,000,000

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

12/19/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$570

# of Investors

7

Momentum
Not Funded
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Year Founded

2021

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Jersey City, New Jersey

Business Type

Growth

Vasitum, with a valuation of $11 million, is raising funds on StartEngine. It is an AI-powered recruitment automation platform to make hiring more efficient for recruiters and job seekers. The platform uses artificial intelligence and machine learning to automate the end-to-end recruitment lifecycle, boost the recruiters’ efficiency by 300%, and increase transparency for job seekers. Vasitum has over 1.53 million registered users and has posted more than 39,000 jobs. Vikram Wadhawan founded Vasitum in December 2021. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1,234,998.60. The campaign proceeds will be used to increase revenues and expand.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$48,950

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$8,162

$-1,250

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,655

$5,136

Accounts Receivable

$0

$3,278

Total Assets

$880,892

$744,494

Short-Term Debt

$658,690

$496,454

Long-Term Debt

$225,000

$259,000

Total Liabilities

$883,690

$755,454

Financials as of: 09/26/2022
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Vasitum on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $11,000,000
Price per Share: $1.10

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