Talla on NetCapital

Aggregate Commitments $

Platform

Netcapital

Start Date

03/29/2021

Close Date

04/27/2021

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$99

Security Type

Equity – Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$19,790,896

Rolling Commitments $

Status

Active

Reporting Date

04/21/2021

Days Remaining

5

% of Min. Goal

1,932%

% of Max. Goal

18%

Likelihood of Max
unlikely

Avg. Daily Raise

$8,401

Momentum
warm

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Location

Boston, Massachusetts

Industry

Business Services, Software, & Applications

Tech Sector

AutomationTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

Talla, with a post-money valuation of $20.8 million, is raising funds on NetCapital. The company has developed an AI-powered platform to provide automated customer support to clients. The product answers queries, reduces resolution times, reduces escalations, and improves customer experience. Frank Speiser and Byron Galbraith founded Talla in 2015. The current crowdfunding raise has a minimum target of $10,000 and a maximum target of $1,070,000, and the proceeds will be used for engineering, business development, marketing, and customer success. Talla is backed by venture capitalists, including PJC, Avalon Ventures, and Glasswing Ventures, and has high-profile clients like PayPal, Toast, and Mutual of Omaha.

Summary Profit and Loss Statement

Revenue

$404,511

$315,304

COGS

$18,732

$60,873

Tax

$1,085

$10,214

 

 

Net Income

$954,242

$-4,491,921

Summary Balance Sheet

Cash

$613,300

$989,566

Accounts Receivable

$55,936

$67,658

Total Assets

$700,805

$1,136,275

Short-Term Debt

$0

$0

Long-Term Debt

$1,191,313

$6,160,371

Total Liabilities

$1,191,313

$6,160,371

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Summary of Crowdfunding Raises
04/27/2021 Netcapital $19,790,896 $193,217 Equity – Common Active RegCF
03/28/2021 Netcapital $20,860,896 $0 Equity – Common Confirmed Closed Test the Waters

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