Hubsai
Early Stage
Hubsai is the most secure, non-cloud home automation platform that makes smart home ownership simple, affordable and fun!
Overview
Raised: $32,266
Total Commitments ($USD)
Platform
Netcapital
Start Date
11/25/2020
Close Date
04/30/2021
Min. Goal
$10,000
Max. Goal
$1,069,999
Min. Investment
$99
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$0.78
Pre-Money Valuation
$12,789,240
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$208
Momentum
Funded
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Year Founded
2017
Industry
Consumer Products, Goods & Services
Tech Sector
Proptech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Hubsai, with a post-money valuation of $13.8 million, is raising crowdfunding on NetCapital. It is a home automation platform that makes automation affordable, fun, and simple. The platform offers DIFM smart home installation, a non-cloud secure platform, and an easy-to-use app. Mike Ghodoosian founded Hubsai in 2017. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $1,069,999, will be used towards R&D, marketing, working capital, compensation for managers, and salespeople. Hubsai works on a low-cost subscription-based model that helps smart home owners to create and maintain an automated smart home environment.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,100 |
$0 |
|
COGS |
$759 |
$0 |
|
Tax |
$1,600 |
$0 |
| ||
| ||
|
Net Income |
$-101,871 |
$-98,576 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2 |
$2,092 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$104,503 |
$73,763 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$13,230 |
$12,600 |
|
Total Liabilities |
$13,230 |
$12,600 |
Financials as of: 11/25/2020
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