axxios on StartEngine 2022 – KingsCrowd

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axxios on StartEngine 2022 – KingsCrowd

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Analytics

Security Type

Equity – Common

Pre-Money Valuation

$24,038,627

Reporting Date

06/20/2022

Likelihood of Max

Momentum

cold.svg

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Location

Brooksville, Florida

Industry

Consumer Products, Goods & Services

axxios, with a valuation of $24 million, is raising funds on StartEngine. The company is in the pre-revenue stage and building private smart home control ecosystems. The home control system of axxios does not depend on servers in the cloud to store the data and keeps the data completely private. The emphasis of private home control systems is privacy, simplicity, and ease of use. Mark Lyle and Chris Ladwig founded axxios in August 2017. The current crowdfunding campaign has a minimum target of $9,999.90 and a maximum target of $3,608,621.10. The campaign proceeds will be used to launch the product and develop multiple new products.

Summary Profit and Loss Statement

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-658,073

$-595,649

Summary Balance Sheet

Cash

$66,748

$66,815

Accounts Receivable

$2,300

$2,300

Total Assets

$73,020

$72,284

Short-Term Debt

$225,644

$239,822

Long-Term Debt

$149,900

$149,900

Total Liabilities

$375,544

$389,722

Financials as of: 06/20/2022

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Raise History

axxios (previously Atmos Home) 09/15/2022 StartEngine $24,038,627 $0 Equity – Common
Active
 		RegCF
Atmos Home 09/01/2021 StartEngine $12,000,000 $1,398,380 Convertible Note
Funded
 		RegCF
Atmos Home 11/01/2018 StartEngine $4,500,000 $230,451 Equity – Common
Funded
 		RegCF

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