SkillSoniq

AI-Powered Recruiting App

Analytics

Raised to Date: $92,176

Aggregate Commitments $
Platform

StartEngine

Start Date

02/12/2021

Close Date

08/12/2021

Min. Goal

$10,000

Max. Goal

$535,000

Min. Investment

$149

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$10,300,000

Rolling Commitments $
Status

Active

Reporting Date

04/21/2021

Days Remaining

112

% of Min. Goal

922%

% of Max. Goal

17%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,356

# of Investors

207

Momentum
cool
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Location

Jersey City, New Jersey

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

SkillSoniq, with a pre-money valuation of $10.3 million, is raising funds on StartEngine. It is an online marketplace that uses AI to connect companies with freelancers at affordable rates. In today's gig economy, SkillSoniq is helping individuals choose when and where they want to work on an interim or even contract-to-hire basis. Abhinav Verma founded SkillSoniq in 2016. The current crowdfunding campaign has a minimum goal of $9,999.90 and a maximum goal of $534,999.98, and the funds will be used for growth and expansion. SkillSoniq generated $350,000 in revenue in New York alone during its first year and has launched in four more cities since then.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$367,297

$5,882

COGS

$320,097

$6,366

Tax

$0

$0

 

 

Net Income

$-613

$-20,080

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$18,250

$1,770

Accounts Receivable

$494

$1,420

Total Assets

$18,743

$3,190

Short-Term Debt

$6,228

$1,462

Long-Term Debt

$67,994

$56,594

Total Liabilities

$74,222

$58,056

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Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
08/12/2021 StartEngine $10,300,000 $92,176 Equity - Common Active RegCF
04/14/2020 Wefunder $5,500,000 $100,286 SAFE Confirmed Closed RegCF
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