Learnt
Early Stage
Online AI-powered tutoring platform
Overview
Raised: $163,570
Total Commitments ($USD)
Platform
StartEngine
Start Date
07/28/2020
Close Date
04/23/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$500
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$9,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$610
# of Investors
224
Momentum
Funded
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Year Founded
2020
Industry
Education, Training, & Coaching
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Learnt, with a valuation cap of $9 million, is raising funds on StartEngine. It is an AI-powered online tutoring platform that connects students with talented tutors. The platform is democratizing education by its user-friendly and interactive virtual learning environment and customized approach. Learnt was founded by Andrew Nimmich and Eliza Nimmich in April 2020. The company’s crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $107,000, and the proceeds will be used to grow its reach to more students and educators. Learnt is led by an experienced team that has already launched Tutor the People platform successfully. The platform has become all the more important with the shift to online and virtual learning during the COVID-19 pandemic.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$437,345 |
$276,802 |
|
COGS |
$127,069 |
$75,751 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$27,929 |
$-3,819 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$9,547 |
$3,994 |
|
Accounts Receivable |
$100 |
$531 |
|
Total Assets |
$9,647 |
$4,525 |
|
Short-Term Debt |
$62,938 |
$63,930 |
|
Long-Term Debt |
$13,332 |
$0 |
|
Total Liabilities |
$76,270 |
$63,930 |
Financials as of: 07/28/2020
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