Data / Crowdfunding / Massachusetts / ENVEL, INC.
ENVEL, INC.: crowdfunding raise on Wefunder Portal LLC, $50,001 to $2,845,932 (2022)
ENVEL, INC., a corporation in Boston, MA, filed a Form C with the SEC on April 28, 2022 to raise $50,001 to $2,845,932 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $113 in revenue and a net loss of $2,132,655, with 28 employees.
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- Website
- enve.ai
- Funding portal
- Wefunder Portal LLC
- Address
- 75 STATE STREET, SUITE 100 SUITE 100, Boston, MA 02109
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 1, 2017
- SEC CIK
- 0001775046
Offering terms
From the amendment filed April 28, 2022.
- Security
- Preferred Stock
- Price
- $1.76
- Target
- $50,001
- Maximum
- $2,845,932
- Deadline
- April 30, 2023
- Portal compensation
- <p>6.75% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.</p>
Financials
From the Form C-U filed October 5, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $113 | $0 | sec.gov |
| Cost of goods sold | $447,645 | $128,565 | sec.gov |
| Net income | $-2,132,655 | $-653,161 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $596,166 | $432,813 | sec.gov |
| Cash | $541,790 | $422,967 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $1,203,067 | $0 | sec.gov |
| Long-term debt | $2,086,511 | $910,542 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 5, 2022 | Progress update | $9,999 | $3,930,043 | December 17, 2021 | At the close of the offering, the issuer closed on $559,076.40 and 282,940 number of securities. | sec.gov |
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2022 | Amendment | $50,001 | $2,845,932 | April 30, 2023 | Adding 2021 financials, extending campaign, and changing CEO. | sec.gov |
| April 20, 2022 | Amendment | $50,001 | $2,845,932 | April 30, 2022 | Lowering valuation. | sec.gov |
| March 30, 2022 | Amendment | $50,000 | $4,440,923 | April 30, 2022 | Changing lead investor. | sec.gov |
| March 14, 2022 | Offering | $50,000 | $4,440,923 | April 30, 2022 | sec.gov | |
| December 23, 2021 | Progress update | $9,999 | $3,930,043 | December 17, 2021 | At the close of the offering, the issuer closed on $402,106.71 and 226,448 number of securities. | sec.gov |
| November 22, 2021 | Amendment | $9,999 | $3,930,043 | December 17, 2021 | Issuer is changing campaign end date | sec.gov |
| October 7, 2021 | Offering | $9,999 | $3,930,043 | April 5, 2022 | sec.gov | |
| June 3, 2021 | Progress update | $50,000 | $1,070,000 | April 30, 2021 | The final number is $1,069,955.00 in investments. | sec.gov |
| November 23, 2020 | Offering | $50,000 | $1,070,000 | March 18, 2021 | sec.gov |
Updated October 5, 2022. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.