Overview

Raised to Date: Raised: $0

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

SeedInvest

Start Date

05/07/2020

Close Date

06/21/2020

Min. Goal

$25,000

Max. Goal

$750,000

Min. Investment

$1,000

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    

Valuation Cap

$6,500,000

Discount

20%

Rolling Commitments ($USD)

Status

Not Funded

Reporting Date

06/23/2020

Days Remaining

Not Funded

% of Min. Goal

Not Funded

% of Max. Goal

Not Funded

Likelihood of Max

Not Funded

Avg. Daily Raise

$0

Momentum

Not Funded

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SnapStrat

Year Founded

2016

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Oakland, California

Business Type

High Growth

Company Website

SnapStrat, with a valuation cap of $6.5 million, is raising funds on SeedInvest. It is a strategic decision platform that takes control of business decisions and strategic consulting. The platform uses data ingestion, scenario-based decision support, and AI-driven decisioning to create a configurable SaaS solution. SnapStrat was founded by Jonathan Stern in 2016 and raised $800,000 in its pre-seed round of financing. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $750,000, and the funds will be used towards going to market, developing the product, and customer success. SnapStrat is led by an experienced management team and has notable customers, including Sephora, Embraer, and Frontier Communications.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$120,000	$166,000
COGS	$111,855	$316,696
Tax	$0	$0
Net Income	$-273,350	$-357,328

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$7,806	$949,996
Accounts Receivable	$35,000	$0
Total Assets	$42,806	$94,996
Short-Term Debt	$857,149	$636,009
Long-Term Debt	$42,806	$0
Total Liabilities	$899,955	$636,009

Financials as of: 05/07/2020

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Interview with SnapStrat Founder Jonathan Stern

Strategic business decisions can make or break a company. In particular, marketing choices and expenses can either bring new customers and majorly increased revenue… Or they can just be wasted money with little to show for it.

Jonathan Stern founded SnapStrat because he recognized that many businesses were using outdated technology for their strategic decisions. Instead of using manual methods (like Excel) or limited AI or BI tools, SnapStrat was developed to be a holistic platform with data ingestion and AI that streamlines the decision making process.

We sat down with Jonathan to discuss what kind of decisions SnapStrat can be used for, who the average SnapStrat customer is, and where the company is heading.

Read Founder Interview