Gleantap.ai

Deal To Watch
BETA

An Intelligent Customer Experience platform for Health & Fitness Industry

Analytics

Raised to Date: $315,172

Aggregate Commitments $
Platform

Wefunder

Start Date

07/30/2020

Close Date

11/12/2020

Min. Goal

$50,000

Max. Goal

$280,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$6,500,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

11/22/2020

Days Remaining
Funded
% of Min. Goal

630%

% of Max. Goal

113%

Likelihood of Max
Funded
Avg. Daily Raise

$3,002

# of Investors

162

Momentum
Funded
Location

Cedar Park, TX

Industry

Fitness & Wellness

Tech Sector

CommerceTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Gleantap.ai, with a valuation cap of $6.5 million, is raising crowdfunding on Wefunder. The company has developed a platform to revolutionize the health and fitness industry. The platform offers a personalized experience with the help of artificial intelligence and leverages user data to acquire, engage, and retain customers. Sagar Babber founded Gleantap.ai in 2018 and has raised over $274,000 since its inception. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $280,000. The funds will be used for marketing, product development, and ramping up the sales team. Gleantap.ai generated $740,000 in annual recurring revenue and reported a 100% growth in the past six months.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$392,318

$131,171

COGS

$133,822

$46,523

Tax

$780

$0

 

 

Net Income

$-149,648

$-5,827

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$163,459

$30,399

Accounts Receivable

$10,628

$0

Total Assets

$175,897

$30,399

Short-Term Debt

$75,694

$35,226

Long-Term Debt

$254,679

$0

Total Liabilities

$330,373

$35,226

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
11/12/2020 Wefunder $6,500,000 $315,172 SAFE Confirmed Closed RegCF
12/16/2019 Microventures $5,000,000 $227,778 Convertible Note Confirmed Closed RegCF

Ratings

last updated 11/12/2020

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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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