Edsoma, Inc

Edsoma, Inc

๐Ÿ‘ช AI based app that teaches kids how to read is disrupting a huge global market

Security Type
CAFES
Categories
Infrastructure, Technology, Software, Artificial Intelligence, Education, 500 Startups, Social Impact
Min Investment
$100
Location
BROCK, TX
Expected Close Date
March 30, 2023
Amount Raised
$136,272
Target Raise
$50K-$1M
No. Investors
29
Security Price
$1

Company Description

๐Ÿš€ Proof of concept produced. 35,000+ (1100+/day) download requests in December 2021
๐Ÿ“ฑ130 Million people in the USA lack proficiency in literacy โ€“ Edsoma helps solve this problem
๐Ÿ‘ช Parents who can't read, can't teach. With Edsoma they can.
๐Ÿ’• Edsoma helps families enjoy quality time by building confidence in both Children and adults
๐Ÿ†Patent-pending voice identification and word recognition technology
๐Ÿ’ฐGlobal EdTech market is booming and is set to double to more than $252 billion by 2030
๐Ÿฏ Founder with 3 previous exits; team comprises of Fortune Top 50 leaders, Engineers

Key Deal Facts

๐Ÿš€ Proof of concept produced. 35,000+ (1100+/day) download requests in December 2021
๐Ÿ“ฑ130 Million people in the USA lack proficiency in literacy โ€“ Edsoma helps solve this problem
๐Ÿ‘ช Parents who can't read, can't teach. With Edsoma they can.
๐Ÿ’• Edsoma helps families enjoy quality time by building confidence in both Children and adults
๐Ÿ†Patent-pending voice identification and word recognition technology
๐Ÿ’ฐGlobal EdTech market is booming and is set to double to more than $252 billion by 2030
๐Ÿฏ Founder with 3 previous exits; team comprises of Fortune Top 50 leaders, Engineers

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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