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Security Type
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Convertible Note
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Categories
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Technology, Financial Services, Infrastructure
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Min Investment
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$100
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Expected Close Date
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April 30, 2023
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Target Raise
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$400.00K-$1.07M
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No. Investors
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145
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Security Price
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$1
- Number of Employees
- 5
- Cash
- $197,499
- Revenue
- $230,694
- Short Term Debt
- $1,463
- Cost of Goods
- $223,631
- Long Term Debt
- $221,181
- Net Income
- $3,600
Key Deal Facts
๐ค $150M in signed credit agreements over next 12 months
๐ต $5.4M in projected annual revenue from existing signed credit agreements alone (not guaranteed)
๐ Platform is already benefiting from network effect and viral growth
๐ฏ Disrupting $296 billion construction materials market
๐ Signed agreements projected to grow to $1 billion by 2026 (not guaranteed)
๐ก Providing liquidity to companies in massive construction market by offering flexible payments
๐Fast and flexible invoice payment solution tailored for contractors and their material suppliers
โVC investors from Strawberry Capital and Ferd.
Management Team / Advisory Board Bios
Rune Skog CEOHighly experienced entrepreneur, 2 successfull startups | MS/BS from UCSD | Extensive experience from the construction industry, Bjรยธrnar Skog CTOSolid CTO with 20+ years of experience | Managed teams of 5-20 people | Highly experienced developer, Nathan Kannady Chief Commercial OfficerSolid CCO with 12 years of Sales manager experience | Managed teams of 5-30 sales people | Extensive experience from the construction and credit industry, Jason Kannady Director of fulfillment14 years of experience as a controller in the construction space, responsible for all financial operations including underwriting and credit checks.