Learnt

BETA

Online AI-powered tutoring platform

Analytics

Raised to Date: $55,000

Aggregate Commitments $
Platform

StartEngine

Start Date

07/29/2020

Close Date

10/27/2020

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$500

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$9,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

09/16/2020

Days Remaining

37

% of Min. Goal

550%

% of Max. Goal

5%

Likelihood of Max
Avg. Daily Raise

$1,122

# of Investors

60

Momentum
Location

Galveston, TX

Industry

Education, Training, & Coaching

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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

Ratings

last updated 09/16/2020

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