RAD AI

RAD AI

Growth Stage

Proven AI Technology That Boosts Content ROI

Proven AI Technology That Boosts Content ROI

Overview

Raised to Date: Raised: $1,476,471

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

02/22/2024

Close Date

05/02/2024

Min. Goal
$10,000
Max. Goal
$2,700,000
Min. Investment

$881

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.38

Pre-Money Valuation

$62,828,416

Venture Capital Investors:

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/28/2024

Days Remaining

3

% of Min. Goal

14,765%

% of Max. Goal

55%

Likelihood of Max
unlikely
Avg. Daily Raise

$22,371

# of Investors

697

Momentum
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Year Founded

2018

Industry

Business Services, Software, & Applications

Tech Sector

AdTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Santa Monica, California

Business Type

High Growth

Company Website

RAD AI is raising funds on Dealmaker Securities. The company leverages data and analytics for fully automated influencer marketing. RAD AI’s platform is simple and effective and allows small and medium-sized businesses to drive targeted traffic and conversions. The business reported three times revenue growth from 2022 to 2023, with a 75% gross margin and 200% LTV. Jeremy Barnett and Bradley Silver founded RAD AI in July 2018. The current crowdfunding campaign has a minimum target of $9,999.70 and a maximum target of $2.7 million. The campaign proceeds will be used for payroll, marketing and advertising, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$446,498

$515,854

COGS

$318,615

$136,460

Tax

$0

$0

 

 

Net Income

$-3,877,391

$-1,044,986

Summary Balance Sheet

FY 2022 FY 2021

Cash

$203,235

$280,149

Accounts Receivable

$49,917

$249,354

Total Assets

$4,653,779

$919,988

Short-Term Debt

$0

$110,547

Long-Term Debt

$1,125,000

$250,000

Total Liabilities

$1,125,000

$360,547
Financials as of: 02/22/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
RAD AI 05/01/2024 Dealmaker Securities $62,828,416 $1,476,471 Equity - Common Active RegCF
RAD AI 02/21/2024 Dealmaker Securities $53,840,752 $967,366 Equity - Common Funded RegCF
RAD AI 11/02/2023 Wefunder $48,002,823 $1,199,999 Equity - Common Funded RegCF
RAD AI 04/29/2023 Wefunder $18,000,812 $4,152,088 Equity - Common Funded RegCF
Rad Intelligence 09/17/2020 Wefunder $5,000,000 $816,583 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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RAD AI on Dealmaker Securities 2024
Platform: Dealmaker Securities
Security Type: Equity - Common
Valuation: $62,828,416
Price per Share: $0.38

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