CodeCombat

Learn to code by playing a game

Analytics

Raised to Date:

$552,929 - RegCF
$1,213,575 - Total

Deal Info
Investment Momentum
Company Profile
Excerpt
Financials

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

Logos provided by Clearbit

Location

San Francisco, California

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

SEC Filing

Company Website

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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