Node40

Neutral
BETA

QuickBooks for crypto

Analytics

Raised to Date: $200,600

Aggregate Commitments $
Platform

NextSeed

Start Date

02/17/2021

Close Date

05/31/2021

Min. Goal

$200,000

Max. Goal

$750,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

03/03/2021

Days Remaining

88

% of Min. Goal

100%

% of Max. Goal

27%

Likelihood of Max
Avg. Daily Raise

$14,329

# of Investors

157

Momentum
Location

Albany, New York

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Node40, with a valuation cap of $5 million, is raising crowdfunding on NextSeed. The company has developed a platform for enterprise-grade transaction tracking for tax compliance related to cryptocurrencies. It reads and evaluates activity from all crypto sources, examines it, applies financial rules, and downloads detailed audit records. Perry Woodin founded Node40 in October 2020. The current crowdfunding campaign has a minimum raise of $200,000 and a maximum raise of $750,000, and the proceeds will be used to continue and expand operations. Node40 is led by an experienced team and aims to address an enormous market of taxpayers owning or trading cryptocurrencies.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$10,529

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,253,717

$-226,972

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$60,958

$19,060

Accounts Receivable

$-16,824

$2,236

Total Assets

$104,457

$89,575

Short-Term Debt

$43,773

$65,524

Long-Term Debt

$500,000

$0

Total Liabilities

$543,773

$65,524

Ratings

last updated 03/04/2021

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