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Security Type
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Debt
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Categories
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Energy, Technology, Social Impact, Community & Lifestyle
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Min Investment
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$100
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Offering Date
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April 15, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$50.00K-$250.00K
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No. Investors
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112
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Security Price
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$1
- Number of Employees
- 7
- Cash
- $240
- Revenue
- $0
- Short Term Debt
- $3,286
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-3,446
Company Description
Our live customers work with us to make decisions in key electricity markets every day.
Perks
Invest $250+ An invite to virtual end of year meeting.
Invest $500+We will purchase 1 MWh of renewable energy credits in your name.
Invest $1,000+ We will purchase 1 MWh of renewable energy credits in your name, and have a quick zoom with you to discuss the pros and cons of RECs.
Invest $10,000+ Get coffee with the inBalance CEO next time they're in Boston, so long as it works out scheduling wise.
Key Deal Facts
25% increase in revenue over traditional forecasting
Pilots with 15% of New England's responsive electricity generation
Working with industry leaders from Uber, EnerNOC, McKinsey
Aiming to reach $100M ARR in 5 years by both working with utilities and directly with the market
Management Team / Advisory Board Bios
Thomas Marge, Co-founder & CEO
Partial Mathematics PhD from the University of Cambridge
Inefficiency in the market leads to 2% or more excess emissions per year. Not only is this bad for the environment, but it makes for a valuable opportunity for a company like inBalance that is positioned to resolve it.
Rajan Troll Co-founder & CTO
Edwin Fennell Co-founder & CIO
Reveal the Score by Voting
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Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
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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
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.
