MagNet Analytics

Neutral
BETA

Kiosk for vital products reaching customers where no retailer can

Analytics

Raised to Date: $80,172

Aggregate Commitments $
Platform

Wefunder

Start Date

04/17/2020

Close Date

12/01/2020

Min. Goal

$50,000

Max. Goal

$1,069,994

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$6,800,000

Weekly Commitments $
Status

Active

Reporting Date

10/25/2020

Days Remaining

35

% of Min. Goal

160%

% of Max. Goal

7%

Likelihood of Max
Avg. Daily Raise

$420

# of Investors

164

Momentum
Location
Industry

Retail Shops & Department Stores

Tech Sector

Hardwaretech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

High

Business Type

High Growth

MagNet Analytics, with a pre-money valuation of $6.8 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 $50,000 and a maximum goal of $1,069,994, and the proceeds will be used towards 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.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$21,349

$34,771

COGS

$358

$34,529

Tax

$1,557

$3,250

 

 

Net Income

$-325,755

$-793,494

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$22

$10,480

Accounts Receivable

$0

$0

Total Assets

$139,228

$394,733

Short-Term Debt

$2,927

$0

Long-Term Debt

$0

$0

Total Liabilities

$2,927

$0

Ratings

last updated 10/27/2020

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