Factmata

Scalable AI to combat the spread of fake news online

Analytics

Raised to Date: Raised: $221,325

Aggregate Commitments $
Platform

Wefunder

Start Date

06/29/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$6,000,000

Rolling Commitments $
Status

Active

Reporting Date

07/28/2021

Days Remaining

276

% of Min. Goal

443%

% of Max. Goal

21%

Likelihood of Max
extremely
Avg. Daily Raise

$7,632

# of Investors

263

Momentum
cold
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Location

Claymont, Delaware

Industry

Marketing & Advertising

Tech Sector

AdTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

Factmata, with a pre-money valuation of $6 million, is raising funds on Wefunder. The company uses artificial intelligence to stop the spread of fake, misleading, and hateful news. The patent-pending AI technology of Factmata detects disinformation, misinformation, and hate speech about brands, products, or issues and helps those who can flag it and take it down. Dhruv Ghulati founded Factmata in March 2017. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $1,070,000, and the funds will be used for operational payroll, general administration, product development, and sales and marketing. Factmata is led by an experienced team and is the first UK government-approved tool to detect disinformation.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$-175

$-450

 

 

Net Income

$-306,401

$-1,470,956

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,030

$290,599

Accounts Receivable

$260

$7,359

Total Assets

$988,737

$715,623

Short-Term Debt

$542,983

$182,736

Long-Term Debt

$3,741,328

$3,679,531

Total Liabilities

$4,284,311

$3,862,267

Financials as of: 06/29/2021
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