Otto Connect
Early Stage
Highly scalable enterprise and consumer mobile and cloud solutions
Overview
Raised: $42,000
Total Commitments ($USD)
Platform
Localstake
Start Date
03/18/2021
Close Date
10/31/2021
Min. Goal
$15,000
Max. Goal
$250,000
Min. Investment
$500
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.25
Pre-Money Valuation
$1,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$186
# of Investors
18
Momentum
Funded
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Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
AutomationTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Otto Connect, with a valuation of $1 million, is raising funds on Localstake. The company has developed an app-based events management solution for sports, parking, and communities. The CAST solutions of Otto Connect allow scheduling, in-app communication, event and activity registration, and secure payment of fees. James R Varner and David B Irons founded Otto Connect in August 2020. The current crowdfunding round of the company has a minimum raise of $15,000 and a maximum raise of $250,000. The raise proceeds will be used for app development and marketing. Otto Connect has a bundled package named SurfCAST that includes ParkingCAST, CommunityCAST, and SportsCAST.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$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: 03/18/2021
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