Tapa

BETA

Smart building management redefined

Analytics

Raised to Date: $5,150

Aggregate Commitments $
Platform

Republic

Start Date

09/15/2020

Close Date

01/15/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$8,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

09/20/2020

Days Remaining

115

% of Min. Goal

21%

% of Max. Goal

0%

Likelihood of Max
Avg. Daily Raise

$1,030

# of Investors

9

Momentum
Location

Herndon, VA

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Business Type

High Growth

Tapa, with a valuation cap of $8 million, is raising funds on Republic. The company’s platform manages the building control systems and IoT technology. It solves the needs of building operators and increases the efficiency, safety, and convenience of physical spaces. Tapa was established as a division of Smart Building Technologies in 2019 by Paul Meng and Mike Schmitz. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to accelerate the development of new tenant features, go to market, and build out solutions sets. Tapa has secured agreements with four major building automation providers and is working on a monthly recurring revenues business model.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$123,833

$0

COGS

$107,727

$0

Tax

$0

$0

 

 

Net Income

$-733,601

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$316,399

$0

Accounts Receivable

$0

$0

Total Assets

$316,399

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 09/21/2020

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