ZenSpace

Neutral
BETA

On-Demand WorkSpace. Anytime. AnyPlace.

Analytics

Raised to Date: $110,752

Aggregate Commitments $
Platform

StartEngine

Start Date

06/19/2020

Close Date

12/16/2020

Min. Goal

$10,000

Max. Goal

$1,069,029

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$12,476,168

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

13

% of Min. Goal

1,108%

% of Max. Goal

10%

Likelihood of Max
Avg. Daily Raise

$667

# of Investors

160

Momentum
Location

San Jose, CA

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

ZenSpace, with a pre-money valuation of $12.5 million, is raising funds on StartEngine. The company is helping remote workers to get on-demand workplaces in public spaces, anytime, anyplace. The ZenSpace SmartPods have noise reduction, air circulation, LED lighting, and power ports and are reservable through the ZenSpace app, website, or digital kiosk. ZenSpace was founded by Mayank Agrawal and is led by an experienced team of engineers, technologists, and visionaries. The current crowdfunding campaign has a minimum target of $9,999.75 and a maximum target of $$534,999.75, and the funds will be used for growth and expansion. ZenSpace is creating more remote workplaces with the increased need for remote working during the COVID-19 pandemic. The company generates revenue through a flat fee and annual licensing agreement with the real estate owners, and charges paid by the customers for SmartPods and Business Lounges.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$150,175

$123,130

COGS

$33,919

$47,360

Tax

$0

$0

 

 

Net Income

$-1,203,315

$-433,961

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$35,020

$81,292

Accounts Receivable

$0

$0

Total Assets

$66,774

$118,405

Short-Term Debt

$100,802

$18,301

Long-Term Debt

$589,746

$0

Total Liabilities

$690,548

$556,426

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
12/16/2020 StartEngine $12,476,168 $110,752 Equity - Common Active RegCF
02/25/2019 SeedInvest $7,000,000 $350,170 Equity - Preferred Confirmed Closed RegCF

Ratings

last updated 12/03/2020

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