RAIDAtech

Neutral
BETA

Superior blockchain alternative using patented technology

Analytics

Raised to Date: $567,924

Aggregate Commitments $
Platform

TruCrowd

Start Date

10/06/2020

Close Date

12/31/2020

Min. Goal

$10,000

Max. Goal

$535,000

Min. Investment

$2,000

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$15,000,000

Weekly Commitments $
Status

Active

Reporting Date

10/21/2020

Days Remaining

67

% of Min. Goal

5,679%

% of Max. Goal

106%

Likelihood of Max
Avg. Daily Raise

$37,862

# of Investors

161

Momentum
Location

Youngsville, NC

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

RAIDAtech, with a pre-money valuation of $15 million, is raising crowdfunding on TruCrowd. The company aims at using the patented RAIDA technology solutions for various digital currencies and tokenization. As a first step, RAIDAtech is taking an existing coin, Cloudcoin, and placing it on various large scale exchanges. Adam Steven Fogerson founded RAIDAtech in 2018. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $535,000, and the proceeds will be used for promotional and publicity costs, development and staffing costs, general operating capital, and exchange placement fees and integration. RAIDAtech is using the technology that is more secure, faster, more scalable, and more affordable than the blockchain technology.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$109,972

$42,506

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-203,450

$-197,852

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$41,547

$194,627

Accounts Receivable

$0

$0

Total Assets

$316,468

$286,254

Short-Term Debt

$0

$2,435

Long-Term Debt

$0

$0

Total Liabilities

$0

$11,035

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
12/31/2020 TruCrowd $15,000,000 $567,924 Equity - Common Active RegCF
10/31/2019 TruCrowd $10,700,000 $172,320 Equity - Common Confirmed Closed RegCF

Ratings

last updated 10/25/2020

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