WiTopia

Growth Stage

Experience the internet as it should be.

Analytics

Raised to Date: Raised: $62,274

Aggregate Commitments $

Platform

StartEngine

Start Date

09/08/2021

Close Date

03/07/2022

Min. Goal

$9,999

Max. Goal

$1,069,997

Min. Investment

$299

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$15,045,000

Rolling Commitments $

Status

Active

Reporting Date

09/19/2021

Days Remaining

169

% of Min. Goal

623%

% of Max. Goal

6%

Likelihood of Max
likely
Avg. Daily Raise

$5,661

Momentum
cool
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Location

Reston, Virginia

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

WiTopia, with a valuation of $15 million, is raising funds on StartEngine. The company provides fast and easy VPN and encrypted email services that make the internet secure, private, and free. The services of WiTopia help protect data privacy and prevent cybercrime and identity thefts. WiTopia’s VPN service is well established and generating sales of about $2 million per year, while the encrypted email service has also started selling actively. William Bullock and Steve Shippa founded WiTopia in 2003. The current crowdfunding campaign has a minimum target of $9,998.73 and a maximum target of $1,069,996.86. The campaign proceeds will be used to add more users, build awareness, and execute the sales and marketing plans.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,910,679

$1,957,459

COGS

$721,066

$706,477

Tax

$0

$0

 

 

Net Income

$77,902

$266,655

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$82,293

$238,976

Accounts Receivable

$0

$0

Total Assets

$125,073

$417,824

Short-Term Debt

$59,092

$56,607

Long-Term Debt

$553,991

$536,925

Total Liabilities

$613,083

$593,532

Financials as of: 09/08/2021
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