ABii by Van Robotics
Early Stage
The Smart Robot Tutor Company
Overview
Raised: $328,600
Total Commitments ($USD)
Platform
StartEngine
Start Date
07/01/2020
Close Date
07/29/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$450
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$10.00
Pre-Money Valuation
$19,200,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$838
# of Investors
477
Momentum
Funded
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Year Founded
2016
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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 |
$100,075 |
|
Total Liabilities |
$117,468 |
$100,150 |
Financials as of: 07/01/2020
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