Strengths

Neutral
BETA

AI-powered COACHING and SMARTAUDIO platforms

Analytics

Raised to Date: $267,848

Aggregate Commitments $
Platform

StartEngine

Start Date

06/25/2020

Close Date

10/19/2020

Min. Goal

$10,000

Max. Goal

$267,890

Min. Investment

$499

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$16,000,000

Weekly Commitments $
Status
Funded
Reporting Date

10/28/2020

Days Remaining
Funded
% of Min. Goal

2,678%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$2,309

# of Investors

228

Momentum
Funded
Location

Provo, UT

Industry

Education, Training, & Coaching

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

Strengths, with a pre-money valuation of $16 million, is raising funds on StartEngine. The AI-powered Coaching and SmartAudio platforms of Soar, presented by Strengths, connect people with the right individuals and information to develop through life. The Strengths platforms assist people in improving their wellbeing, discovering innate talents, finding their purpose in life, strengthening the relationships, and increasing their motivation. Strengths was founded by Paul Allen and Clint Carlos in 2017. The proceeds of the current crowdfunding campaign, with a minimum raise of $9,999.75 and a maximum raise of $267,889.50, will be used to develop new tools and platforms. Strengths reported sales bookings of $930,000 in 2019 from its pilot customers and expects to generate $3.5 million in sales in 2020.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$490,404

$107,966

COGS

$267,295

$42,992

Tax

$0

$0

 

 

Net Income

$-2,184,164

$-1,513,255

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$49,739

$61,377

Accounts Receivable

$9,650

$0

Total Assets

$224,106

$153,491

Short-Term Debt

$988,968

$494,143

Long-Term Debt

$0

$0

Total Liabilities

$988,968

$494,143

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
10/19/2020 StartEngine $16,000,000 $267,848 Equity - Common Confirmed Closed RegCF
04/24/2020 Wefunder $15,600,000 $331,708 Equity - Common Confirmed Closed RegCF

Ratings

last updated 10/20/2020

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