This company is no longer in business. Investors can get details about any potential exits or failures here.
DirecTech Labs
Early Stage
Platform helping businesses better leverage their gig workers, micro-influencers, and social sellers
Overview
$315,324 - RegCF
$665,324 - Total
$665,324 - Total
Total Commitments ($USD)
Platform
SeedInvest
Start Date
08/04/2019
Close Date
09/20/2019
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$1,000
Security Type
Equity - Common
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$0.70
Pre-Money Valuation
$11,525,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2019
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$6,855
Momentum
Funded
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Year Founded
2016
Industry
Business Services, Software, & Applications
Tech Sector
Location
Santa Monica, California
DirecTech Labs, with a pre-money valuation of $11.5 million, is raising funds on SeedInvest. The flagship product of DirecTech Labs, Distro, uses artificial intelligence and behavioral science to make the gig workers and micro-influencers more efficient and productive. The behavior profiles further allow the companies to become more successful and valuable. DirecTech Labs was founded by Jordan Zommick and Michael Bayan and has raised over $1.3 million in previous rounds of funding. The proceeds of the current crowdfunding round, with a minimum goal of $350,000 and a maximum goal of $2,000,000, will be used for development, marketing, team salaries, and general expenses. DirecTech Labs reported revenues of $770,000 in 2018, up 350% from the prior year, and the product performance has increased from a conversion rate of 3.28% in 2017 to 14.8% in 2019.
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