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Security Type
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Debt
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Categories
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Technology
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Min Investment
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$100
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Offering Date
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July 03, 2021
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Expected Close Date
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January 27, 2022
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Target Raise
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$15.00K-$80.00K
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Security Price
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$1
Company Description
In business, you need your data to work for you. Our surveys are the best way to capture your talent data, giving you insights to shape culture and drive performance.
Key Deal Facts
Software designed to make culture visible enabling real-time, strategic leadership decisions through actionable insights.
EDA's strategy is to capture employee sentiment through a robust AI and one-stop-shop survey platform.
EDA's SW solution is highly scalable & enables sticky SaaS and Ai revenue and profits with long-term recurring revenue.
The company, run by an experienced team, is revenue-generating and expected to be profitable by 2022.
SurveySaurus beta product is in use, with a full offering expected to be available in early 2022.
SurveySaurus is targeted to a large addressable market of $10B - 170k companies w/100+ employees in the US.
Boards are going to be held accountable by investors for ESG metrics including human capital, leadership, & governance.
EDA has an established global human capital brand w/marquis clients, access to the “top of the house” and 500,000+CRM.
Use of Proceeds
- Sales and Marketing
- Tech Development
- Team Acquisition and Retention
- Product Development
Management Team / Advisory Board Bios
Bonnie Hagemann, CEO & Founder
Bonnie has founded and led companies, led and outsourced functions for large corporations, designed products, ran biz dev, taken products to market, and coached and advised over 200 CEOs and Senior leaders on leadership, strategy & culture.
Demetri Poulikidis, CTO
Demetri is a world-class lead developer and CTO, best known for building the Elitium crypto-currency platform. He has also built powerful, secure platforms for Adobe and PlayStation.
Laura Kiernan, CFO and Investor Relations
Laura is the CEO & Founder of High Touch Investor Relations. She has raised billions of dollars in corporate funding and is recognized by Institutional Investor as a top IRO with more than two decades of experience in IR, finance, and accounting.
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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.
