Aggregate Commitments $
SeedInvest
09/09/2022
12/02/2022
$25,000
$1,070,000
$1,000
SAFE
RegCF
/ RegD 506(c)
$7,000,000
0%
Rolling Commitments $
Active
09/10/2022
83
8%
0%
$2,000
Old Bridge, New Jersey
Education, Training, & Coaching
EdTech
Transizion, with a valuation of $7 million, is raising funds on SeedInvest. It is an ed-tech mentorship platform that connects students and professionals for better college and career outcomes. The platform, CollegeRize, caters to students’ academic and career needs and helps young professionals monetize their career expertise. The B2C offering of Transizion has over 300 customers and has achieved $860,000 in revenue since inception, while the B2B platform is targeted to be live in the second half of 2022. Jason Patel and Dharik Patel founded Transizion in September 2015. The current crowdfunding campaign has a minimum RegCF target of $25,000, a minimum raise target of $500,000, and a maximum target of $1,070,000. The campaign proceeds will be used for scaling the tech team, content marketing, scaling the B2B team, and acquiring the supply side.
Summary Profit and Loss Statement
|
Revenue |
$328,904 |
$238,241 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
|
|
||
|
|
||
|
Net Income |
$-88,399 |
$-149,972 |
Summary Balance Sheet
|
Cash |
$159,768 |
$130,018 |
|
Accounts Receivable |
$0 |
$70,000 |
|
Total Assets |
$159,768 |
$200,018 |
|
Short-Term Debt |
$178,273 |
$30,452 |
|
Long-Term Debt |
$159,768 |
$200,018 |
|
Total Liabilities |
$338,041 |
$230,470 |
Financials as of: 09/09/2022
