COI Energy

Deal To Watch
BETA

Digital energy platform that detects, eliminates and monetizes energy waste

Analytics

Raised to Date: $370,403

Aggregate Commitments $
Platform

Republic

Start Date

08/26/2020

Close Date

04/02/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$18,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

01/24/2021

Days Remaining

65

% of Min. Goal

1,482%

% of Max. Goal

35%

Likelihood of Max
Avg. Daily Raise

$2,453

# of Investors

1,135

Momentum
Location

Tampa, Florida

Industry

Energy, Power, & Natural Resources

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

COI Energy, with a valuation cap of $18 million, is raising funds on Republic. It is a digital energy platform that helps companies and businesses to control their energy wastage, achieve their energy goals, and reduce their carbon footprint. The platform detects, eliminates, and monetizes energy waste. SaLisa Berrien founded COI Energy in January 2018 and has raised over $1 million since its inception. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used to expand relationships with the customers and eventually become the hub for the transactive energy marketplace. COI Energy has over 150 paying customers, including US Foods and Citi. The company has exclusive utility partnerships with TECO and NYPA and works on a simple subscription model.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$191,935

$365,749

COGS

$104,503

$130,796

Tax

$0

$0

 

 

Net Income

$-793,777

$-270,932

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$66,556

$9,613

Accounts Receivable

$33,116

$159,444

Total Assets

$303,042

$407,031

Short-Term Debt

$244,409

$19,582

Long-Term Debt

$964,898

$0

Total Liabilities

$1,209,307

$519,531

Ratings

last updated 01/26/2021

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Analyst Report

Deal To Watch
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

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.
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