CodeCombat

Learn to code by playing a game

Analytics

Raised to Date:
$552,929 - RegCF
$1,213,575 - Total
Aggregate Commitments $
Platform

SeedInvest

Start Date

06/29/2020

Close Date

08/18/2020

Min. Goal

$25,000

Max. Goal

$1,000,000

Min. Investment

$500

Security Type

Equity - Preferred

Funding Type

RegCF / RegD 506(C)

Series

Series A

Pre-Money Valuation

$25,000,000

Rolling Commitments $
Status
Funded
Reporting Date

08/31/2020

Days Remaining
Funded
% of Min. Goal

2,212%

% of Max. Goal

55%

Likelihood of Max
Funded
Avg. Daily Raise

$11,059

Momentum
Funded
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Location

San Francisco, California

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

CodeCombat, with a pre-money valuation of $25 million, is raising funds on SeedInvest. The company teaches kids coding through engaging online games. The games solve the curriculum challenges of schools during COVID-19 by helping teachers teach computer science effectively and scalably. CodeCombat was founded by Nick Winter and Matt Lott in 2013 and has raised over $9.5 million in previous rounds of financing. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,000,000, and the proceeds will be used for research and development, sales and marketing, and general and administration expenses. CodeCombat is used in over 25,000 schools in the US and generated $2 million in revenue in 2019. The company reported a 75% growth in B2C business in two months due to COVID-19.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$2,014,919

$906,656

COGS

$104,312

$51,798

Tax

$0

$0

 

 

Net Income

$-3,274,431

$-2,571,661

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,991,174

$5,204,762

Accounts Receivable

$292,220

$292,220

Total Assets

$2,547,082

$5,627,705

Short-Term Debt

$1,195,704

$1,108,744

Long-Term Debt

$0

$0

Total Liabilities

$1,195,704

$1,108,744

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