ABii by Van Robotics

Neutral
BETA

The Smart Robot Tutor Company

Analytics

Raised to Date: $180,200

Aggregate Commitments $
Platform

StartEngine

Start Date

07/02/2020

Close Date

11/30/2020

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$450

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$19,200,000

Weekly Commitments $
Status

Active

Reporting Date

11/25/2020

Days Remaining

4

% of Min. Goal

1,802%

% of Max. Goal

17%

Likelihood of Max
Avg. Daily Raise

$1,234

# of Investors

248

Momentum
Location

Columbia, SC

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

ABii by Van Robotics, with a pre-money valuation of $19.2 million, is raising funding on StartEngine. The company develops artificial intelligence-enabled smart robot tutors for personalized tutoring in core subjects. The robots understand individuals’ learning habits and adapt to their performance, attention, and stress levels. ABii by Van Robotics was founded by Laura Boccanfuso in 2016 and appeared on Shark Tank in May 2020. The current crowdfunding campaign of the company has a minimum target of $10,000 and a maximum target of $1,070,000, and the funds will be used to continue growing the network of ed tech resellers and distributors and add more content. ABii by Van Robotics sells robot tutors to schools at $999 per robot and individual customers at $599 per robot. The pilot conducted with four schools reported an improvement of 34% among 67% of the students.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$14,923

$1,265

 

 

Net Income

$-125,912

$-12,810

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$317,269

$63,606

Accounts Receivable

$0

$0

Total Assets

$695,699

$129,346

Short-Term Debt

$8,393

$75

Long-Term Debt

$109,075

$0

Total Liabilities

$117,468

$100,150

Ratings

last updated 11/26/2020

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