BoodsKapper

BoodsKapper

AI-based virtual office assistant for technicians and customers

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Security Type
Crowd Note
Categories
Other
Min Investment
$1,000
Offering Date
April 26, 2019
Expected Close Date
July 25, 2019
Target Raise
$250.00K-$1.00M
Deal Notes

Conversion Discount: 20.0%

Interest Rate: 3.0%

Note term: 24 months

Company Description

AI-based virtual office assistant for technicians and customers

Key Deal Facts

Two enterprise clients signed: Dallas Housing Authority and TreeHouse Foods
Over $266,000 in sales revenue in 2017-2018 (unaudited)
$390,000 in new signings in 2019
Founders have strong experience, including software roles at IBM and Motorola
Current SAP Innovation Awards finalist

Use of Proceeds

Recruiting & Professional Services, Marketing and Sales, Product Development

Management Team / Advisory Board Bios

Bejoy Narayana - CEO
Bejoy has 20 years of IT experience in the areas of ERP systems and AI. He is an expert in the area of Supply Chain Management in multiple industries. Bejoy is an ex IBMer. He holds a bachelors degree in Mechanical Engineering from Kerala University, India, and an MBA from the NYU Stern School of Management.

Kw Leong - CTO
KW is an exceptionally talented programmer who has over 14 years of experience in software development. He started his career working as a software engineer at Motorola. His experience includes programmer and team lead roles on several large scale business transformation programs. He holds a Bachelor of Science Degree in Computer Engineering from the University at Buffalo.

Deal Notes

Conversion Discount: 20.0%

Interest Rate: 3.0%

Note term: 24 months

Amount Raised : $31,000
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Business Traction
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Management Team
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Valuation

Security Description

A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.

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