EAMS Technologies Inc

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Security Type
CAFES
Categories
Technology, Financial Services
Min Investment
$100
Location
Lake Mary, FL
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$1.00M
No. Investors
28
Security Price
$1
Website
iox-connect.com
Number of Employees
5
Cash
$915
Revenue
$162,331
Short Term Debt
$329,712
Cost of Goods
$96,332
Long Term Debt
$155,624
Net Income
$-292,351

Key Deal Facts

World-class team with experience scaling companies to $25M+ ARR, 10 Exits
We're ready for scaling with a market-ready and proven product, already generating $350K+ ARR.
The ioX platform has a proven track record, currently managing over $3Billion worth of assets.
25,000 assets and 250,000 sensors actively managed, generating 75 million data points monthly
Over 200,000 Work Actions processed in 2022 alone
ioX is positioned to disrupt a fast-growing $300Billion digital transformation market
Scalable technology with global reach
2022-2023: 250% projected year over year growth (not guaranteed)

Management Team / Advisory Board Bios

Ockert Fourie CEO - FounderBackground in Industrial Engineering with 15+ years experience in the asset management systems, IoT, machine learning & technology space. Extensive business management and development experience., Donald Scraper Director - Global SalesIndustrial Engineering with 30 years of experience in the EAM/CMMS space with 8 of the major suppliers; 15 years senior roles in Sales and Business Development. Extensive experience with start-ups leading to successful buyouts & acquisitions.
Amount Raised : $105,049
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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