Veriglif (2021)

Veriglif (2021)

About this raise

Veriglif, with a pre-money valuation of $7.02 million, is raising crowdfunding on StartEngine. The platform is changing how personal data is used, permissioned, and compensated. The users will get to participate in incentive-based plans to share their data with data buyers in a verified and privacy-compliant manner. Veriglif increases the monetization and transparency for consumers while improving the quality of data for data buyers. James Wilson founded Veriglif in 2018. The proceeds of the current crowdfunding campaign, with a minimum goal of $9,999.91 and a maximum goal of $1,030,988.42, will be used to enhance the platform, develop consumer controls, and scale sales and promotion capability. Veriglif is in active discussions to access over 275 million records and 1,000 unique data points with companies like IBM and Survey Monkey.

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Investment Overview

Invested this round: $148,183

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
10/30/2020
Close Date
04/27/2021
Min. Goal
$10,000
Max Goal
$1,030,988
Min. Investment

$300

Security Type

Equity - Preferred

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.59

Pre-Money Valuation

$7,020,000

Company & Team

Company

Year Founded
2018
Industry
Security, Cybersecurity, & Defense
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
New York, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Founder Name
James Wilson
Title
CEO
Founder Name
Henry Cheang
Title
Non-Executive Chairman
Founder Name
Glen Robinson
Title
CFO

Financials

 Revenue
$0
 Monthly Burn
$29,653
 Runway
4.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$300,303

$0

Tax

$0

$0

 

 

Net Income

$-355,839

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$121,138

$32,247

Accounts Receivable

$36,085

$2,843

Total Assets

$360,185

$35,090

Short-Term Debt

$318,916

$0

Long-Term Debt

$397,018

$35,000

Total Liabilities

$715,934

$35,000

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/27/2021 StartEngine $7,020,000 $148,183 Equity - Preferred Funded RegCF
10/01/2019 Wefunder $7,000,000 $340,103 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

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Veriglif on StartEngine
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $7,020,000
Price per Share: $0.59

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Warning: according to the close date for this deal, Veriglif may no longer be accepting investments.

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