Voatz
Growth Stage
Investing in Democracy: The Market Leader in Mobile Voting
Overview
$150,356 - RegCF
$2,142,396 - Total
$2,142,396 - Total
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$835
# of Investors
157
Momentum
Funded
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Year Founded
2016
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B2C
Margin
High
Capital Intensity
Low
Voatz, with a valuation of $35 million, is raising funds on Wefunder. The company has developed an app to make voting secure, accessible, and digital. The app is addressing the unmet needs of democracy and is creating mobile voting as the future of voting. Voatz has served 1.9 million voters at 82 successful elections and generated $2.3 million in lifetime revenues. Nimit Sawhney and Simer Sawhney founded Voatz in December 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4,999,994. The campaign proceeds will be used for security technology operations, product development, marketing, communications, and hiring.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$509,883 |
$971,028 |
COGS |
$80,661 |
$34,798 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-3,982,993 |
$-2,522,618 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$1,126,578 |
$4,879,134 |
Accounts Receivable |
$148,615 |
$541,568 |
Total Assets |
$1,632,257 |
$5,561,914 |
Short-Term Debt |
$115,084 |
$62,738 |
Long-Term Debt |
$0 |
$0 |
Total Liabilities |
$115,084 |
$62,738 |
Financials as of: 10/31/2021
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