Phenomena

Phenomena is an app store for the future of education!

Security Type: CAFES
Categories: Software, Education, Marketplace, B2C, Technology
Min Investment: $100
Location: Seattle, WA
Expected Close Date: April 30, 2023
Target Raise: $50.00K-$1.00M
No. Investors: 25
Security Price: $1
Website: phenomena.app

Number of Employees: 3
Cash: $2,430
Revenue: $0
Short Term Debt: $1,298
Cost of Goods: $0
Long Term Debt: $30,000
Net Income: $29,005

Key Deal Facts

👨‍💻 Founded by an MIT Media Lab grad, former math and physics teacher, and serial entrepreneur
🥇 Phenomena is the first marketplace devoted solely to digital learning experiences
🧑‍🎤 We're advancing the state of education for today's digitally native students
🏗 The Phenomena Creator Tool will allow anyone to easily build and publish engaging educational apps
🍭 The Phenomena marketplace is like an educational "candy store" for students, paid for by parents
📈 The consumer edtech market is valued at $268B and is growing at 16.3% year over year
🚀 We're excited for you to join our mission to reimagine education and make learning engaging for all

Management Team / Advisory Board Bios

Jared Schiffman Founder & CEOMIT Computer Science + MIT Media Lab Graduate,
Former â€˜High Tech Highâ€™ Math & Physics Teacher,
Founder of Perch Interactive, Potion Design and Popplet, National Design Award finalist for Interaction Design

Amount Raised : $263,665

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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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