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Security Type
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CAFES
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Categories
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Technology, Financial Services
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Min Investment
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$100
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$1.00M
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No. Investors
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28
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Security Price
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$1
- 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.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
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.