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Security Type
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Debt
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Categories
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Technology, Infrastructure, Real Estate
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Min Investment
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$250
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Offering Date
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June 29, 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-$5.00M
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No. Investors
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1
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Security Price
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$1.50
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Valuation
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$36,400,000
- Number of Employees
- 20
- Cash
- $86,144
- Revenue
- $5,000
- Short Term Debt
- $3,629,553
- Cost of Goods
- $0
- Long Term Debt
- $52,423
- Net Income
- $-1,585,772
Company Description
The leading Digital Twin AI platform for highly efficient, low-carbon cities, buildings, and infrastructure, from the architects of Google Earth. The built environment is inefficient, new construction runs over budget, and cities create 70% of global carbon emissions. Our SmartWorldOS™ Digital Twin software platform is solving these problems as well as attracting major investment and commercial contracts
Key Deal Facts
From Google Earth team, AI tech that helps cities cut costs by 35%, carbon emissions by up to 100%.
Digital Twin market forecast to grow from $3.1bn to $48.2bn by 2026.
Signed $4.6m in new contracts since start of 2021, with an additional $11m in the pipeline this year.
Options to cash out after 12 months via groundbreaking new secondary trading platform.
$10m raised so far + over 5,000 investors since 2019. CEO's last venture = 17x for early investors.
Clients include CBRE, Atkins, C&W, US govt and AFG - aiming to cut emissions in 1000s of cities.
Use of Proceeds
- Research and Development - 20%
- Sales and Marketing - 25%
- Payroll and Operations - 45%
- Other - 10%
Management Team / Advisory Board Bios
Michael Jansen, CEO and Founder
Veteran entrepreneur and architect, built a $40 million company backed by Sequoia in 4 years; World Cities Summit Young Leader; Fulbright Scholar, Yale (arch), Cambridge (arch); seen on CNN, CNBC, BBC, Forbes; vegan, dad of three.
Jon Feutz, Lead Backend Developer, Innovation
Data guru, led the backend innovation team at US Bank for several years; served for 10 years in the US Air Force; avid blockchain and cryptocurrency investor; inventor
Leland Jobson, Director of Engineering
Co-created the Augmented Design Services Framework at WeWork; Core Computational design team member, Dubai Expo 2020 Sustainability Pavilion (one of the world's largest + most complex solar-powered buildings); Pratt Institute + NYIT professorships.
Amount Raised
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$1,158,438
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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.