Modal Math by ASLedu
Deaf kids are years behind their peers in academics. Let's change that.
Overview
Raised: $54,107
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/19/2020
Close Date
11/06/2020
Min. Goal
$50,000
Max. Goal
$200,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$496
# of Investors
91
Momentum
Funded
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Year Founded
2019
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Modal Math by ASLedu, an education platform for deaf students, is raising funds on Wefunder. The platform provides math learning and practice to deaf and hard of hearing students through visuals and sign language. Modal Math has attracted a lot of interest from educators across the country. The company was founded by Nadia Iftekhar in 2019 and has raised over $35,000 since its inception. The proceeds of the current round of funding, with a minimum raise of $50,000 and a maximum raise of $200,000, will be used for sales & marketing, product costs, salaries, and unexpected costs. Modal Math by ASLedu already has over 40 paying users with a 88% retention rate. The platform supports STEM education and plans to expand to a broader audience.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-4,132 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 07/19/2020
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