Data / Crowdfunding / Texas / FuelGems, Inc.
FuelGems, Inc.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $1,250,000 (2025)
FuelGems, Inc., a corporation in Austin, TX, filed a Form C with the SEC on February 12, 2025 to raise $50,000 to $1,250,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 26, 2025. In its most recent fiscal year it reported $0 in revenue and a net loss of $309,951, with 5 employees.
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- Website
- www.fuelgems.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 301 Congress Ave #2200, Austin, TX 78701
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 14, 2019
- SEC CIK
- 0001818804
Offering terms
From the amendment filed February 12, 2025.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,250,000
- Deadline
- April 26, 2025
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary the greater of (A) a fee of seven percent (7%) of the dollar amount raised in the Offering and (B) a cash fee of twelve thousand dollars ($12,000).
Financials
From the Form C-AR filed June 17, 2026.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-309,951 | $-495,186 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $457,844 | $263,838 | sec.gov |
| Cash | $286,948 | $112,284 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 17, 2026 | Annual report | Not listed | Not listed | sec.gov | ||
| May 6, 2025 | Progress update | $50,000 | $1,250,000 | April 26, 2025 | The Offering closed successfully on 4/27/2025, having received investment commitments of $1,057,869.50, although a final accounting has not taken place. | sec.gov |
| May 2, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| February 12, 2025 | Amendment | $50,000 | $1,250,000 | April 26, 2025 | Material amendment extends the Offering Deadline to April 26, 2025. It also updates the cash on hand from $53,232.08 (as of November 30, 2024) to $76,259.57 (as of January 31, 2025) and revises the runway from 7 months to 12 months within the same period. | sec.gov |
| January 10, 2025 | Amendment | $50,000 | $1,250,000 | February 28, 2025 | Filed to extend the Offering Deadline from January 24, 2025, to February 28, 2025, update the cash on hand from $119,367.63 as of August 31, 2024 to $53,232.08 as of November 30, 2024, and revise the runway from 12 months as of August 31, 2024 to 7 months | sec.gov |
| September 19, 2024 | Amendment | $50,000 | $1,250,000 | January 24, 2025 | Filed to extend the Offering Deadline to 01/24/2025, increase the Maximum Offering Amount from to $1,250,000, as part of the extension, update the use of proceeds, update the Valuation Cap to $13,000,000 & update the cash on hand. | sec.gov |
| July 19, 2024 | Amendment | $50,000 | $1,000,000 | September 27, 2024 | This material amendment is filed to (i) extend the Offering Deadline from July 26, 2024 to September 27, 2024 and (ii) as part of the extension, update the cash on hand from $205,458.04 as of March 31, 2024 to $133,218.33 as of June 30, 2024. | sec.gov |
| April 23, 2024 | Amendment | $50,000 | $1,000,000 | July 26, 2024 | Filed to extend offering deadline to 7/26/24; to update the cash on hand from $264,126.90 as of 10/31/23 to $205,458.04 as of 3/31/24; to update Issuer's financial statements; to decrease maximum offering to 1M; and to update the Valuation Cap. | sec.gov |
| April 23, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| January 2, 2024 | Offering | $50,000 | $3,000,000 | April 30, 2024 | sec.gov | |
| April 11, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| February 16, 2023 | Progress update | $9,998 | $3,604,524 | March 31, 2023 | At the close of the offering, the issuer closed on $203,907.24 and 93,520 number of securities. | sec.gov |
| January 26, 2023 | Amendment | $9,998 | $3,604,524 | March 31, 2023 | Campaign is extending their end date | sec.gov |
| December 8, 2022 | Amendment | $9,998 | $3,604,524 | January 30, 2023 | Issuer is updating campaign page | sec.gov |
| October 31, 2022 | Offering | $9,998 | $3,604,524 | January 30, 2023 | sec.gov | |
| May 2, 2022 | Progress update | $9,998 | $3,929,995 | April 29, 2022 | At the close of the offering, the issuer closed on $829,158.53 and 429,926 securities. | sec.gov |
| April 27, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| February 23, 2022 | Amendment | $9,998 | $3,929,995 | April 29, 2022 | Issuer is extending campaign to 04/29/22. | sec.gov |
| January 12, 2022 | Amendment | $9,998 | $3,929,995 | February 28, 2022 | Issuer is extending campaign to 02/28/22. | sec.gov |
| August 26, 2021 | Amendment | $9,998 | $3,929,995 | January 19, 2022 | lowering valuation and updating perks | sec.gov |
| July 23, 2021 | Offering | $9,998 | $3,929,995 | January 19, 2022 | sec.gov | |
| July 19, 2021 | Progress update | $100,000 | $1,070,000 | November 20, 2020 | Issuer raised $803,490.00 under a SAFE offering | sec.gov |
| April 27, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| October 22, 2020 | Amendment | $100,000 | $1,070,000 | November 20, 2020 | Adjusting lead investor investment amount. | sec.gov |
| October 2, 2020 | Amendment | $100,000 | $1,070,000 | November 20, 2020 | Adding CPA-reviewed financial statements. | sec.gov |
| August 3, 2020 | Offering | $100,000 | $1,070,000 | November 20, 2020 | sec.gov |
Also on SpecStream
Updated June 17, 2026. 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.