RAIDAtech

RAIDAtech

Early Stage

Superior blockchain alternative using patented technology

Superior blockchain alternative using patented technology

Overview

Raised to Date: Raised: $642,565

Total Commitments ($USD)

Platform

truCrowd

Start Date

10/05/2020

Close Date

02/27/2021

Min. Goal
$10,000
Max. Goal
$535,000
Min. Investment

$2,000

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Early Bird Valuation

$9,495,000

Pre-Money Valuation

$15,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/27/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$4,431

# of Investors

184

Momentum
Funded
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Year Founded

2018

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Youngsville, North Carolina

Business Type

High Growth

RAIDAtech, with a pre-money valuation of $15 million, is raising crowdfunding on TruCrowd. The company aims at using the patented RAIDA technology solutions for various digital currencies and tokenization. As a first step, RAIDAtech is taking an existing coin, Cloudcoin, and placing it on various large scale exchanges. Adam Steven Fogerson founded RAIDAtech in 2018. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $535,000, and the proceeds will be used for promotional and publicity costs, development and staffing costs, general operating capital, and exchange placement fees and integration. RAIDAtech is using the technology that is more secure, faster, more scalable, and more affordable than the blockchain technology.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$109,972

$42,506

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-203,450

$-197,852

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$41,547

$194,627

Accounts Receivable

$0

$0

Total Assets

$316,468

$286,254

Short-Term Debt

$0

$2,435

Long-Term Debt

$0

$8,600

Total Liabilities

$0

$11,035

Financials as of: 10/05/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
RAIDATech 12/13/2023 Silicon Prairie Online $89,219,325 $112,500 Equity - Common Funded RegCF
RAIDAtech 02/27/2021 truCrowd $15,000,000 $642,565 Equity - Common Funded RegCF
RAIDAtech 10/30/2019 truCrowd $10,700,000 $172,320 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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RAIDAtech on TruCrowd
Platform: truCrowd
Security Type: Equity - Common
Valuation: $15,000,000
Price per Share: $1.00

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