Voatz

Growth Stage

Investing in Democracy: The Market Leader in Mobile Voting

Analytics

Raised to Date: Raised: $0

Aggregate Commitments $

Platform

Wefunder

Start Date

11/01/2021

Close Date

03/05/2022

Min. Goal

$50,000

Max. Goal

$4,999,994

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$35,036,298

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

97

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
cold.svg
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Location

Boston, Massachusetts

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

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: 11/01/2021
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Voatz on Wefunder 2021
$
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $35,036,298

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