MagNet Analytics

MagNet Analytics

Early Stage

Tech-driven micro stores with vital products reaching customers no retailer can

Tech-driven micro stores with vital products reaching customers no retailer can

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/30/2021

Close Date

06/13/2021

Min. Goal
$50,003
Max. Goal
$249,995
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.63

Pre-Money Valuation

$6,810,000

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

06/12/2021

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2018

Industry

Retail Shops & Department Stores

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Lexington, Massachusetts

Business Type

Growth

MagNet Analytics, with a pre-money valuation of $6.81 million, is raising funds on WeFunder. The company is working as a chain of automated retail kiosks that sell high-priority products at high-traffic locations. The kiosks of MagNet provide detailed information about the products, along with instant gratification. MagNet Analytics was founded by Eduardo Alvarez in 2018 and has raised over $150,000 since its inception. The current crowdfunding round has a minimum goal of $50,003 and a maximum goal of $249,995, and the proceeds will be used towards non-recurring engineering for kiosk set-up, purchasing kiosks from manufacturers, business development, and working capital. MagNet Analytics has had 20 pilots, including partners like Disney, McDonald’s, and a Warren Buffet company. The company has a strong IP portfolio, including a patent for compact dispensing and container swap replenishment system.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$10,000

$21,349

COGS

$0

$-358

Tax

$1,146

$1,557

 

 

Net Income

$-106,363

$-344,288

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$35,033

$22

Accounts Receivable

$0

$0

Total Assets

$35,033

$139,228

Short-Term Debt

$7,363

$2,927

Long-Term Debt

$0

$0

Total Liabilities

$7,363

$2,927

Financials as of: 03/30/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
MagNet Analytics 06/12/2021 Wefunder $6,810,000 $0 Equity - Preferred Not Funded RegCF
MagNet Analytics 11/29/2020 Wefunder $6,800,000 $284,234 Equity - Preferred Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Funding data not publicly available

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MagNet Analytics on Wefunder
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $6,810,000
Price per Share: $6.63

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