FirstRoot

FirstRoot teaches financial literacy and civics as kids decide how to invest real money in their school.

Analytics

Raised to Date: $191,684

Aggregate Commitments $
Platform

Netcapital

Start Date

05/24/2021

Close Date

07/20/2021

Min. Goal

$10,000

Max. Goal

$1,067,220

Min. Investment

$99

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$4,200,000

Rolling Commitments $
Status

Active

Reporting Date

06/13/2021

Days Remaining

37

% of Min. Goal

1,917%

% of Max. Goal

18%

Likelihood of Max
unlikely
Avg. Daily Raise

$9,584

Momentum
hot
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Location

Sunnyvale, California

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

FirstRoot, with a pre-money valuation of $4.2 million, is raising crowdfunding on NetCapital. The company has developed a software program to teach financial literacy to children. The SaaS company sells its program to schools where it gets integrated into the curriculum and helps kids decide how to invest real money. Verne Harnish and Alexander Osterwalder founded FirstRoot in January 2020. The proceeds of the current crowdfunding campaign, with a minimum raise of $10,000 and a maximum raise of $1,067,220, will be used for operational expenses, marketing and sales, curriculum development, product development, and compensation. FirstRoot guides students through the process of Participatory Budgeting and lets them learn by managing an actual budget.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$78,584

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-142,996

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$147,423

$0

Accounts Receivable

$10,500

$0

Total Assets

$416,678

$0

Short-Term Debt

$487,541

$0

Long-Term Debt

$0

$0

Total Liabilities

$487,541

$0

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