Edsoma, Inc

👪 AI based app that teaches kids how to read is disrupting a huge global market

Print
Claim My Business View on Wefunder
Amount Raised: $578,497
Security Type
CAFES
Categories
Infrastructure, Technology, Software, Artificial Intelligence, Education, 500 Startups, Social Impact, Subscription
Min Investment
$100
Location
BROCK, TX
Expected Close Date
March 30, 2023
Target Raise
$50.00K-$1.07M
No. Investors
143
Security Price
$1
Website
edsoma.com
Number of Employees
4
Cash
$37,807
Revenue
$0
Short Term Debt
$42,241
Cost of Goods
$0
Long Term Debt
$0
Net Income
$138,010

Company Description

🚀 Proof of concept produced. 35,000+ (1100+/day) download requests in December 2021
📱130 Million people in the USA lack proficiency in literacy – Edsoma helps solve this problem
👪 Parents who can't read, can't teach. With Edsoma they can.
💕 Edsoma helps families enjoy quality time by building confidence in both Children and adults
🏆Patent-pending voice identification and word recognition technology
💰Global EdTech market is booming and is set to double to more than $252 billion by 2030
🍯 Founder with 3 previous exits; team comprises of Fortune Top 50 leaders, Engineers

Key Deal Facts

🚀 Proof of concept produced. 35,000+ (1100+/day) download requests in December 2021
📱130 Million people in the USA lack proficiency in literacy – Edsoma helps solve this problem
👪 Parents who can't read, can't teach. With Edsoma they can.
💕 Edsoma helps families enjoy quality time by building confidence in both Children and adults
🏆Patent-pending voice identification and word recognition technology
💰Global EdTech market is booming and is set to double to more than $252 billion by 2030
🍯 Founder with 3 previous exits; team comprises of Fortune Top 50 leaders, Engineers

Management Team / Advisory Board Bios

Kyle Wallgren Chief Executive Officer Kyle is a father, entrepreneur, and creator of Edsoma. As an entrepreneur, he has built three multi-million-dollar companies., Diane Burton Chief Education OfficerThroughout her educational career, Dr. Diane Burton has strived to study and support student growth by triangulating how students learn, how teachers teach for student mastery, and what curriculum or programs can support this teaching and learning., Harnil Oza Chief Technology Officer Forbes magazine writes: “[Harnil] almost single-handedly put India on the global map for mobile app development”. His first company was established 10 years ago and has so far created over 3,100+ mobile apps for clients and comp, Enrique Garcia Chief Financial OfficerWent to Fleet Call as a team member building the 3rd carrier in cellular. With Motorola, we used the frequencies granted to make it work. I lead the development of I.T. Years later, I saw Nextel at the top of the PanAm building in Manhattan., Steve Burton Chief Information Officer Steve has enabled companies to implement hundreds of software solutions and complex systems, using in-house and off-shore technical teams to support large scaling business growth., Nadja Atwal Chief Communications Officer Lead start up companies from living room to market leaders . Among them a swimwear label which made it to be the top featured swimwear brand in US Sports Illustrated Swimsuit issue in only 26 months. Built people from unknown to international stardom., Vaughn Sutherland VP of Sales and Marketing Vaughn is an involved father who earned his college degree via a basketball scholarship at the University of Memphis. Successful leader across multiple industries with Fortune Top 50 companies including McKesson, Verizon, and FedEx.

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.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments