ZenSpace

ZenSpace

Early Stage

On-Demand WorkSpace. Anytime. AnyPlace.

On-Demand WorkSpace. Anytime. AnyPlace.

Overview

Raised to Date: Raised: $288,980

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/18/2020

Close Date

09/30/2021

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

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.75

Pre-Money Valuation

$12,476,168

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/02/2021

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

$617

# of Investors

291

Momentum
Funded
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Year Founded

2017

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

San Jose, California

Business Type

Growth

Company Website

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

$538,125

Total Liabilities

$690,548

$556,426
Financials as of: 06/18/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
ZenSpace 09/29/2021 StartEngine $12,476,168 $288,980 Equity - Common Funded RegCF
ZenSpace 02/24/2019 SeedInvest $7,000,000 $425,170 Equity - Preferred Funded RegCF / RegD 506(c)
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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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ZenSpace on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,476,168
Price per Share: $0.75

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