This company is no longer in business. Investors can get details about any potential exits or failures here.

Cityzenith

Cityzenith

Growth Stage

3D Digital Twin Solutions for the Global Building Industry

3D Digital Twin Solutions for the Global Building Industry

Overview

Raised to Date: Raised: $2,392,587

Total Commitments ($USD)

Platform

Issuance

Start Date

04/12/2021

Close Date

Not Provided

Min. Goal
$900
Max. Goal
$15,000,000
Min. Investment

$900

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.50

Pre-Money Valuation

$39,400,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2022

% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$4,382

# of Investors

659

Momentum
Funded
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Year Founded

2009

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Chicago, Illinois

Business Type

Growth

Cityzenith is raising funds independently through Reg A+ crowdfunding. The company has developed the SmartWorldOS Digital Twin software platform to solve the efficiency and carbon emissions problems related to buildings and infrastructure. The technology allows users to create virtual twins of physical buildings leading to cost savings and higher efficiencies. Cityzenith’s technology helps cities cut costs by 35% and reduce carbon emissions by up to 100%. Michael Jansen founded Cityzenith in April 2009. The current crowdfunding campaign has no minimum target and a maximum target of $15,000,000. The campaign proceeds will be used for sales and marketing, research and development, working capital, and general corporate purposes.

Balance Sheet

Cash and Cash Equivalents

$86,144

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$244,530

Property and Equipment

$0

Total Assets

$1,038,801

Accounts Payable & Accrued Liabilities

$60,240

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$52,423

Total Liabilities

$3,681,976

Total Stockholders' Equity

$-2,643,175

Total Liabilities and Equity

$1,038,801

Statement of Comprehensive Income Information

Total Revenues

$5,000

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$0

Total Interest Expenses

$0

Depreciation and Amortization

$178,377

Net Income

$-1,585,772

Earnings Per Share - Basic

$-0.10

Earnings Per Share - Diluted

$-0.10

Auditor: Indigo Spire
Financials as of: 04/12/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Cityzenith 10/10/2022 Issuance $39,400,000 $2,392,587 Equity - Common Funded RegA+
Cityzenith 01/30/2022 Wefunder $36,400,000 $1,111,078 Equity - Common Funded RegCF
Cityzenith 04/12/2021 Rialto Markets - - Equity - Common Funded RegA+
Cityzenith 11/29/2020 StartEngine $27,461,863 $720,779 Equity - Common Funded RegA+
Cityzenith 10/30/2019 Republic $20,000,000 $1,070,000 SAFE Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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Cityzenith on Self Managed 2021
Platform: Issuance
Security Type: Equity - Common
Valuation: $39,400,000
Price per Share: $1.50

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