Data / Crowdfunding / California / Novella AI, Inc.
Novella AI, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $350,000 (2024)
Novella AI, Inc., a corporation in Burbank, CA, filed a Form C with the SEC on March 20, 2024 to raise $50,000 to $350,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2025. In its most recent fiscal year it reported $0 in revenue and a net loss of $209,953, with 1 employees.
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- Website
- novella-ai.com
- Funding portal
- Wefunder Portal LLC
- Address
- 4100 West Alameda Avenue Suite 300 - #1216, Burbank, CA 91505
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 5, 2023
- SEC CIK
- 0002010182
Offering terms
From the offering filed March 20, 2024.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $350,000
- Deadline
- April 30, 2025
- Portal compensation
- 6.9% 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.
Financials
From the Form C-AR filed March 19, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-209,953 | $-44,874 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $95,320 | $9,515 | sec.gov |
| Cash | $82,567 | $3,178 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $11,427 | sec.gov |
| Long-term debt | $0 | $42,355 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 19, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| March 20, 2024 | Offering | $50,000 | $350,000 | April 30, 2025 | sec.gov |
Updated March 19, 2025. 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.