Rad Intelligence

Rad Intelligence

Early Stage

Platform providing advertiser content for users to share

Platform providing advertiser content for users to share

Overview

Raised to Date: Raised: $816,583

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/30/2020

Close Date

09/18/2020

Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$16,665

# of Investors

769

Momentum
Funded
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Year Founded

2018

Industry

Business Services, Software, & Applications

Tech Sector

AdTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Santa Monica, California

Business Type

High Growth

Company Website

Rad Intelligence, with a valuation cap of $8.3 million, is raising crowdfunding on Wefunder. The company leverages data and analytics for fully-automated influencer marketing. The platform, RAD, is simple and effective and allows small and medium-sized businesses to drive targeted traffic and conversions. Rad Intelligence was founded by Jeremy Barnett in 2018 and has raised more than $1.6 million since its founding. The proceeds of the current crowdfunding campaign, with a minimum raise of $100,000 and a maximum raise of $1,070,000, will be used for technology development and business development. Rad Intelligence reported a 400% growth in revenue and a 1000% growth in users from the first quarter of 2020 to the second quarter of 2020. The company also grew from four to 16 clients in 2020.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$672,189

$274,400

COGS

$233,638

$217,305

Tax

$0

$0

 

 

Net Income

$-706,123

$-340,525

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,093

$108,519

Accounts Receivable

$5,773

$15,750

Total Assets

$284,504

$215,245

Short-Term Debt

$199,167

$37,035

Long-Term Debt

$724,767

$244,017

Total Liabilities

$923,934

$281,052
Financials as of: 07/30/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
RAD AI 05/01/2024 Dealmaker Securities $62,828,416 $1,176,357 Equity - Common Active RegCF
RAD AI 02/21/2024 Dealmaker Securities $53,840,752 $967,366 Equity - Common Funded RegCF
RAD AI 11/02/2023 Wefunder $48,002,823 $1,199,999 Equity - Common Funded RegCF
RAD AI 04/29/2023 Wefunder $18,000,812 $4,152,088 Equity - Common Funded RegCF
Rad Intelligence 09/17/2020 Wefunder $5,000,000 $816,583 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Rad Intelligence on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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