CodeCombat
Learn to code by playing a game
Analytics
Raised to Date: $552,929
Aggregate Commitments $
SeedInvest
06/29/2020
08/18/2020
$25,000
$1,000,000
$500
Equity - Preferred
RegCF / RegD 506(C)
Series A
$25,000,000
Weekly Commitments $
08/31/2020
2,212%
55%
$11,059
San Francisco, California
Education, Training, & Coaching
EdTech
B2B/B2C
High
Low
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 |
Ratings
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For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.Other Deals
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