Beetexting

Software that helps brands text with their prospects and customers

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Amount Raised: $403,993
Security Type
CAFES
Categories
Technology, Software, App, Telecommunications, B2B
Min Investment
$250
Location
Bloomington, IL
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$1.07M
No. Investors
106
Security Price
$1
Website
beetexting.com
Number of Employees
17
Cash
$57,078
Revenue
$468,955
Short Term Debt
$32,406
Cost of Goods
$282,484
Long Term Debt
$2,878
Net Income
$124,581

Company Description

Beetexting is already built & ready to sell! Customers using it are happy; $27,000+ in product ARR! Previously raised $340,000. Our early investors are founders of other successful tech companies! $500,000+ in revenue from consulting services helped fund the development of the Beetexting product Strong development team; 20+ developers in our wholly-owned subsidiary in Hyderabad, India. Experienced co-founders in technology development and sales.

Management Team / Advisory Board Bios

Nageswar Bijivemula
CEO
18+ years of experience in enterprise software product development for Fortune 30. MBA from Kellogg School of Management, Northwestern University., Michael Somers COO at Beetexting15+ years experience in technology/software sales. Built and sold a web design business while in college. Life's calling is to be on teams building software., Dhanasekar Sivasankaran CTO at Beetexting23+ years of experience building enterprise software for Fortune 100 companies. Leading global teams with expertise in web, mobile, cloud, DevOps, security & big data., Jeff Leverton Director of Business Development25+ yrs of experience in building collaborative relationships with board members, employees, customers, and corporate partners as CEO of a 250 person team. Certified Focal Point business coach., Matt Hughes Board Member / Investor As CEO of Mirus Research, Matt and his team have been providing custom digital and software solutions to some of the most recognizable brands on the Fortune 100 list., Erik Barnlund Board Member / Investor As CEO of Mavidea Technology Group & Maxlider Brothers Customs; Erik and his team have been providing technology services for 15+ years. Under Erik's leadership, Maxlider has become an internationally recognized brand with over 250k followers., Jake Davis Board Member / Investor As co-founder and COO of Mavidea Technology Group & Maxlider Brothers Customs; Jake has implemented countless systems and operational efficiencies to help these companies thrive. MBA from Illinois State University School of Business.

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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