Node40
Early Stage
QuickBooks for crypto
Overview
Raised: $273,800
Total Commitments ($USD)
Platform
NextSeed
Start Date
02/16/2021
Close Date
05/30/2021
Min. Goal
$200,000
Max. Goal
$750,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,684
# of Investors
322
Momentum
Funded
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Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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 |
Financials as of: 02/16/2021
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