Enact Systems offering is now closed and is no longer accepting investments.

INVEST IN ENACT SYSTEMS TODAY!

Software Platform for Solar and Storage

ENACT SYSTEMS Inc. is a leading cloud platform for the Solar and Energy storage industry. The Core ENVISION platform powers complete business operations for thousands of professionals including developers, installations providers and OEMs, digitizing project development and customer asset services. ENACT is headquartered in the San Francisco Bay Area, with team members in multiple countries.

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Enact Systems

$152,283.23 Raised

REASONS TO INVEST

Reasons Icon

Generated $3.5M+ revenue already without a large institutional raise and have some of the largest global solar industry players as customers already

Reasons Icon

Onsite solar and energy storage (projects on buildings and homes) is already a $10B/year industry in the US market, and $100B+ per year globally

Reasons Icon

Innovative, high-margin business model : both installer and customer revenues, make it a very powerful SaaS-driven marketplace with a CLTV to CAC ratio >5. They have seen similar platforms in other industries do extremely well once they reach critical scale

Overview


A new approach to solar energy



ENACT offers an interesting investment opportunity: we bring the power of data and business automation in a specific vertical integration (renewable energy), which although a massive industry, operates in a fragmented way globally. We believe ENACT’s platform has the potential to create huge value for all stakeholders in the industry, leveraging its end-to-end focus and reliance on data analytics. 



The Problem


It’s hard for customers to switch to solar powered electricity 


 

Onsite solar and energy storage - i.e. projects on buildings and homes - is already a $10B/year industry in the US market, and $100B+ per year globally. Yet over 50% of the total installed price of a typical US project is soft costs, made up of installation labor, financing, services and operations. While such projects generate huge savings and sustainable electricity, it’s a complex transition for customers that can and should be simplified for the sector to scale. Customers have a difficult purchase cycle as they are largely unable to compare options for providers, understand their true cost benefit of switching to solar, and often times don’t have the tools to measure their ROI in financial terms. 


This dilemma leads consumers to pick from multiple bids without full deal transparency and no assurance of outcome. Their ownership experience can suffer as well since many consumers run the risk of making an ill-informed decision when choosing providers. Installation Providers are largely small to medium-sized businesses today with a challenging business due to the nascent stage of the industry. Every solar and/or energy storage system sources from multiple vendors, involves complex design, requiring local approval (city, utility), and combining multiple skill sets. Needless to say, installers struggle to scale without technology & process.


And after the installation, it’s very difficult for the average customer to track financial benefits in real-time such as adjusting for rates, usage and performance Until now. ENACT SYSTEMS is changing all that.

THE SOLUTION


We use data to improve the customer’s experience

 

We launched ENACT SYSTEMS to leverage software and data to transform the end-customer’s experience for solar and energy storage. We also aim to empower installers with business productivity tools powered by data analytics, therefore lessening the soft-cost problem with an end-to-end platform. ENACT is emerging as one of the leading industry platforms for this growing Distributed Solar and Storage projects globally. ENACT’s platform offers two products, addressing both sides: End-customers (Engage) and Installers (Envision). Envision is focused on automating project design, contracts and deployment, while Engage is focused on improving customer engagement, starting with their first contact all the way to a lifetime of ownership with full transparency on outcomes. 




ENACT’s Cloud Software and Analytics platform simplifies the solar transition for homes and businesses. It also provides an independent ‘single source of truth’ for the entire Asset Lifecycle of a project, catering to needs for all stakeholders including Installers. ENACT’s new direct-to-consumer services offering - launched only in California - allows home-owners to schedule live design services as well as procurement support for their solar and storage needs. ENACT’s Energy Services team has also worked with top US Corporate clients like REITS, Industrial Manufacturing and Data center clients on supporting their solar transition.


From a business model perspective, ENACT has successfully monetized 3 sources of revenue, all with 90%+ gross margin. ENACT’s primary revenue source has been recurring subscription revenue from installers and developers using the platform in the US and internationally, with customers paying $5k to $50k per year for the subscription. ENACT’s second recurring revenue is from end-customers that manage solar and storage assets using the ENGAGE App, with customers paying $150 to $5000 per year, based on size and type of project. The third source of revenue for ENACT is for platform origination services for both residential and commercial customers.



OUR TRACTION


Proven Performance



 

ENACT has proven its legitimacy by generating over $3.5 million in cumulative revenue, with B2B subscription and transaction revenue on the platform. ENACT’s platform processes over $1.5 billion worth of projects annually, with more than 1000 users in over 20 countries. Specifically, ENACT has found immediate success in the US market and is also establishing ourselves well in 20+ countries including UAE, South Africa, SE Asia and India. Some of our more notable customers are leading global developers such as Black and Veatch, Mahindra Susten, OEMs like Jinko Solar, distributors like CED Greentech and Rubicon, REITs like Pebblebrook, and Corporates like JLL as well as the thousands of homeowners who use our platform already. We have also benefited greatly from press mentions on notable sites like Bloomberg, Yahoo, PV Magazine and Climatebase. 




THE MARKET


An all-in-one service



 

The global Serviceable Addressable Market that ENACT is in generated $5 billion per year globally in 2021, of which almost $1 billion was generated in the US alone. The End-customer services for Energy and Asset Management drive the primary growth of the market, followed by revenue from installers who seek improved business productivity tools as well as origination services for new deals. The Distributed Solar and Energy Storage market is expected to grow at a CAGR of 63% during 2019-2023. Bloomberg New Energy forecasts over $5 trillion in new distributed solar and energy storage projects globally in the next two decades.


The ENACT ENVISION SaaS Product for new project development by installers and project Developers uses digital imaging-based visualization and data-processing for remote design, energy usage and utility rate analysis. It also combines with pricing, bill-of-materials, and financing analysis, leading to accurate and transparent sales proposals and contracts. ENVISION integrates powerful workflow automation and decision-based analytics as well for tracking resources and timelines. 

 

The ENACT ENGAGE SaaS Product focused on purchase and management of existing assets by homeowners and fleet owners. It’s available as an App now on IOS and Android stores. ENGAGE integrates through Cloud APIs to physical hardware that’s deployed on customer locations. It processes live IOT feeds to visualize overall asset performance and financial return on investment, as well as verification on financial projections. ENGAGE also visualizes live power flows and asset operations, alerting customers on performance issues, predicting future savings and enabling live customer support.

WHY INVEST


We’re designed to grow with the industry



With the global climate crisis at hand, we are seeing an unprecedented shift to clean energy sources. ENACT’s platform is designed to support this massive transition, leveraging its business automation capabilities and data-analytics, creating huge value for all stakeholders. Our revenue growth numbers have already proven our platform’s legitimacy, and with proper backing, we can scale our unique model to take a large chunk of this growing market. Help ENACT become the leader in solar and renewable energy management and become a shareholder today.  


ABOUT

HEADQUARTERS
6200 Stoneridge Mall Road Ste 300
Pleasanton, CA 94588

ENACT SYSTEMS Inc. is a leading cloud platform for the Solar and Energy storage industry. The Core ENVISION platform powers complete business operations for thousands of professionals including developers, installations providers and OEMs, digitizing project development and customer asset services. ENACT is headquartered in the San Francisco Bay Area, with team members in multiple countries.

TEAM

Mark Chapman

Mark Chapman

Head of Energy Services

Mark has 10+ years of sales and customer service experience in the US Solar industry. He started his career at RGS Energy / Real Goods Solar focus on residential and commercial projects, and had positions of increasing responsibility at Sunpower and Admirals Bank and joined ENACT 4+ years ago, to lead the company’s sales and services expansion in the US market. Mark is a NABCEP-certified solar professional and also has a Bachelor’s degree in Environmental Studies and Renewable Energy from the University of Redlands, California.

Deep Chakraborty

Deep Chakraborty

CEO

Prior to ENACT, Deep was CEO of Centrosolar’s North American photovoltaic systems business (Germany-listed public company), where he pioneered a unique business model for sales, financing and distribution of complete, packaged PV-systems  

Deep started his career in the automotive industry at DaimlerChrysler USA, where he held positions of increasing responsibility in Product Engineering. Thereafter Deep led Project Management for Roland Berger Strategy Consultants at their headquarters in Munich, Germany, focusing on growth strategy, due diligence and financial re-structuring for large automotive clients.  

Deep has a Mechanical Engineering degree from IIT Kharagpur, India, Master’s degree in Engineering from Penn State University, and an MBA from University of Michigan, Ann Arbor.

Ashish Shah

Ashish Shah

Head of Engineering

Ashish has a 20-year track-record of developing software products and platforms, starting with Trilogy in Austin Texas followed by a long stint at Forgeahead Solutions, a technology services company he founded over two decades ago. At ENACT, Ashish is responsible for the platform engineering and software release process as well as technology strategy decisions that impact new product development. 

Ashish has a Bachelors Degree in Computer Engineering from Maharashtra Institute of Technology, Pune, India and Masters Degree in Computer Science from University of Houston, Texas.

Manasij Kar

Manasij Kar

Co Founder

Manasij is an experienced Business leader with over 20 years of experience in the areas of Solar PV and Software Systems. Prior to co-founding Enact Systems, Manasij led the India 

Sales for behalf of Q-Cells SE (now Hanwha Q-Cells), Germany, where he led sales of PV Components, launched Thin Film Modules, established Channel Partners in India, and setup a Centre of Excellence (COE) for PV Systems Engineering for South East Asia/Middle East region.

Outside of the PV Industry, Manasij has worked with major IT Consulting organizations, including PwC, i2, Digital Harbor etc, to lead Supply Chain & Digital Transformation Projects in Fortune 500 companies worldwide.

Manasij has a B.Tech degree from IIT Kharagpur, India, and an MBA from University of Cambridge, U.K.

Piyush Sharma

Piyush Sharma

Head of Product (ENGAGE)

Piyush has 15+ years of experience in the Automotive, Manufacturing and Renewable Energy industries, and heads the ENGAGE Product Management role at ENACT for the last 3.5+ years. Piyush started his career at large automotive companies like Tata Motors and Hindustan Motors, thereafter moving to Operations Consulting at PriceWaterHouse Coopers, before joining Suzlon Energy at their Corporate Strategy group and later heading their digital transformation team, before joining ENACT. Piyush has a Bachelors degree in Mechanical Engineering from SGS Institute of Technology and Science, India and an MBA (PGDM) from IIM Kolkata, India

Abhinav Bal

Abhinav Bal

Head of Product Management (ENVISION)

Abhinav has 10+ years of experience in the software product management and product development area and heads the ENVISION Product at ENACT since it’s very first launch. Abhinav started his career at Tektronix focusing on Design and Product Development for the instrumentation industry and patented a new methodology for switching devices. Abhinav has a Bachelors and Masters degree in Electrical Engineering from the Indian Institute of Technology, Kharagpur, India

Shelly Cornelius

Shelly Cornelius

Marketing Manager

Shelly has 2+ years of experience in the Marketing space, and leads all digital content and brand marketing efforts at ENACT since January 2021. Shelly has a Bachelors degree in Digital Communication and Media and a Masters degree in Marketing Intelligence the University of San Francisco, California

Vince Bitz

Vince Bitz

Customer Success Manager

Vincent has 10+ years of experience in the Customer Service and Engagement function at various companies, with 8+ years at Pacific Gas and Electric, the nation’s largest electrical utility as well as few years at Clearway Energy, a leading Solar developer, before joining ENACT in February 2021 where he leads the Customer Success activities for US-based clients. Vincent has a Bachelor's degree in Arts, Psychology, from the University of California, San Diego.

Marco Casalegno

Marco Casalegno

Senior Energy Advisor

Marco has 10+ years of renewable energy industry experience focusing on residential and commercial project sales, operations and related services. Marco started his renewables career at Solar City, now TESLA focusing on interconnection of commercial solar and storage projects. He worked at Account Management at Civic Solar and Sales and Customer Service leadership roles at Canadian Solar, before joining ENACT SYSTEMS in 2021. Marco has a Bachelors degree in Business and Economics from Università degli Studi di Torino, Certificate in Renewable Energy from Stanford University and NABCEP Certification in Solar Design.

Rohit Maurya

Rohit Maurya

Customer Success Manager

Rohit has 10+ years of experience in the Customer Success and services sector, focusing primarily on healthcare clients, with most of the years at United Healthcare group. At ENACT Rohit focuses on global customer success for ENACT ENVISION clients, leading customer training and webinars and user support in 23+ country markets. Rohit has a Bachelors degree in Mechanical Engineering from KDK College of Engineering, India

Arideep Halder

Arideep Halder

Senior Manager, Energy Services

Arideep has 7+ years of renewable energy experience focusing on solar project development as well as policy and energy consulting roles fir GIZ India, EWX and other firms before joining ENACT SYSTEMS in 2018. At ENACT, Arideep focuses on Energy Services for the US and international clients, as well as manages ENACT’s electric tariff databases globally. Arideep has a Bachelors degree in Mechanical Engineering from Haldia Institute of Technology and Masters degree in Renewable Energy from TERI School of Advanced Studies

TERMS

Enact Systems
Overview
PRICE PER SHARE
$9.65
DEADLINE
Jan 21, 2022
VALUATION
$23M
AMOUNT RAISED
$152,283.23
Breakdown
MIN INVESTMENT
$241.25
MAX INVESTMENT
$49,996.65
MIN NUMBER OF SHARES OFFERED
1,036
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
103,626

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

ENACT Systems Inc.

Corporate Address

:

6200 Stoneridge Mall Road Ste 300, Pleasanton, CA 94588

Offering Minimum

:

$9,997.40

Offering Maximum

:

$999,990.90

Minimum Investment Amount

(per investor)

:

$241.25











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

1,036

Maximum Number of Shares Offered

:

103,626

Price per Share

:

$9.65

Pre-Money Valuation

:

$22,995,950.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses*

Time-based Perks

Extremely Early Bird - First 72 hours | 15% bonus shares

Super Early Bird - Next 72 hours | 10% bonus shares

Early Bird - Next 7 days | 5% bonus shares

Amount based Perks

$1,000+

Receive 5% bonus shares

$2,500+

Receive 10% bonus shares and Free ENGAGE App for 5 years

$5,000+

Receive 10% bonus shares, Free ENGAGE App for 5 years, and a $250 discount for solar and/or storage purchase

$10,000+

Receive 15% bonus shares, Free ENGAGE App for 5 years, and a $500 discount for solar and/or storage purchase

Note: ENGAGE App and discounts only for US states

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

ENACT will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $9.65 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $965. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

PRESS

Article Image
Solar Builder Mag

Enact Systems wins $1.6M in awards from Department of Energy

Article Image
Solar Power World

ENACT Systems acquires Adara Power to bring energy storage offerings to software

Article Image
Silicon India magazine

ENACT Systems: Streamlining and Automating Solar Business

Article Image
Power Engineering International

Black & Veatch and ENACT to elevate commercial solar in Southeast Asia

Article Image
PV Magazine

Delhi discom BRPL deploys Enact’s cloud platform to manage solar approvals

ALL UPDATES

01.20.22

Final reminder - we are closing today!

Dear Investors,

We are excited for all those investors who have joined us the last few days and we just crossed the $150k milestone.


Today is the final deadline - few hours left! So do not miss this opportunity. Quick recap on 3 Reasons to Invest

1. Generated $3.5M+ revenue already without a large raise and have some of the largest industry players as customers already

2. Customer-Onsite solar and energy storage is already a $10B/year industry in the US market, and $100B+ per year globally

3. Innovative, high-margin business model : both installer and customer revenues, make it a very powerful SaaS-driven marketplace


A big ' thank you' for all your support on our journey to expand clean energy access across the world.


Thanks and best regards,

Deep Chakraborty

CEO, ENACT SYSTEMS INC


01.19.22

Watch the recording : LIVE WEBINAR with CEO, ENACT SYSTEMS

Dear Investors,


Our campaign closes tomorrow and we organized a live webinar with Deep Chakraborty, CEO of ENACT SYSTEMS

For those who missed it, here's a recording - a lot of excellent questions asked.


Click for Webinar Recording

Password:   jwn%5PW@


Do not miss this investment opportunity!


Thanks and best regards

Shelly Cornelius

Marketing Manager

ENACT SYSTEMS

01.18.22

Final opportunity : live webinar with CEO @ 11.30am PT tomorrow!

Dear all,

The investment opportunity is closing shortly, only 2 days to go!

Please join us for this special opportunity for @StartEngine investors to meet with our CEO, Deep Chakraborty who will share more on the company's growth plans and recent success, followed by an open Q&A forum - Jan 19th, 11:30am PST.

Register today on the link below:

https://enact-systems.zoom.us/webinar/register/1516415905069/WN_RuDmjbK_TO2LFxfaZjA38A



Thanks

Shelly Cornelius

Marketing Manager

ENACT SYSTEMS INC

01.16.22

ENACT ENVISION launches 3D Shade Reports @ InterSolar 2022

Dear Investors,

We launched the next generation of our ENVISION Product for Solar and Storage Design at Intersolar North America this week.

Check out the 30 second preview of this exciting capability. Our AI-enabled platform now highlights irradiation on every point of the roof adjusted for shade due to trees, orientation and roof obstructions. We generate detailed shade reports that show solar access every month.


We just got back from two days of packed exhibiting at the Long Beach Convention Center....yes, we did wear our masks (just removed for the photo opp below!)


With only 4 days left to go, do not miss the opportunity to join this round.

Cheers,

Shelly Cornelius

ENACT SYSTEMS INC.

01.13.22

Global Real Estate Leader leveraging ENACT Platform

Dear Investors,

One of our top customers leveraging the ENACT ENGAGE platform to manage renewable energy assets is JLL, the global leader in real estate managing over 4 Billion square feet in properties and facility management.

According to JLL, over 55% of Corporate occupiers plan to 100% renewable energy by 2025 or beyond. Also 59% of real estate owners plan to generate their own renewable energy by 2025. JLL's clean energy team is enabling this transition for their client and ENACT is proud to partner with them.

Only 8 days to go on our StartEngine campaign! So do not miss the opportunity to join the #1 Software platform for Solar and Storage. 

Also please do not forget to join us for a special webinar opportunity for @StartEngine investors to meet with our CEO. Register today on the link below: https://enact-systems.zoom.us/webinar/register/1516415905069/WN_RuDmjbK_TO2LFxfaZjA38A

Thanks

Shelly Cornelius

Marketing Manager

ENACT SYSTEMS INC

01.11.22

Closing in 10 days! Meet us at InterSolar @ Long Beach CA

Dear Investors,

The investment window closes on 1/22. So only 10 days to go!

For those of you in the Southern California region, please stop by to attend InterSolar @ Long Beach where ENACT is exhibiting.

Also please do not forget to join us for a special webinar opportunity for @StartEngine investors to meet with our CEO, Deep Chakraborty who will share more on the company's growth plans and recent success, followed by an open Q&A forum - Jan 19th, 10:30am PST.

Register today on the link below:

https://enact-systems.zoom.us/webinar/register/1516415905069/WN_RuDmjbK_TO2LFxfaZjA38A


Cheers,

Shelly Cornelius

Marketing Manager, ENACT SYSTEMS INC

01.07.22

Meet us Live on Jan 19th, 2022 @ 10.30am ** 13 days to closing

Dear all,

Please join us for this special opportunity for @StartEngine investors to meet with our CEO, Deep Chakraborty who will share more on the company's growth plans and recent success, followed by an open Q&A forum - Jan 19th, 10:30am PST.

The investment window closes on 1/22. So only 13 days to go!

Register today on the link below:

https://enact-systems.zoom.us/webinar/register/1516415905069/WN_RuDmjbK_TO2LFxfaZjA38A



Thanks,

Shelly Cornelius

Marketing Manager


01.07.22

New web launch of ENGAGE.Solar

Dear Investors

Thank you for all your support in recent weeks on this exciting campaign. Only 14 days to go!

We have been busy and utilized the funds raised on StartEngine to relaunch our ENGAGE.Solar web platform. Check it out today! 


We are excited about the future of solar and storage. Thank you for all your feedback this far and please spread the word on ENGAGE.Solar with your friends and family!

Cheers,

Shelly Cornelius

Marketing Manager

ENACT SYSTEMS INC.

01.06.22

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Enact Systems has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Enact Systems be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

01.05.22

Europe reports best year for Solar growth

Dear Investors - Wish you all a very Happy New year. Only 15 days to go on the ENACT Campaign, closing soon!

Some exciting news coming from Europe: A new report by SolarPower Europe shows 2021 was the best year for solar installations in the EU with a record-breaking 25.9 GW of photovoltaic (PV) capacity connected to the grid.

ENACT is proud to announce we now have our first paying customer in Europe, in Germany. Our Envision product is getting positive feedback from several European customers.

In 2021, Germany also remained the top solar market in the EU with expected installations of 5.3 GW for an 8% on-the-year increase. The leader in installations per capita is the Netherlands with 765 W/capita, a jump of 42% from 2020.


Thanks,

Deep Chakraborty

CEO, ENACT SYSTEMS

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Enact Systems.

$241

StartEngine Owner’s Bonus

This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.

$1,000

$1,000+

Receive 5% bonus shares

$2,500

$2,500+

Receive 10% bonus shares and Free ENGAGE App for 5 years

$5,000

$5,000+

Receive 10% bonus shares, Free ENGAGE App for 5 years and a $250 discount for solar and/or storage purchase

$10,000

$10,000+

Receive 15% bonus shares, Free ENGAGE App for 5 years and a $500 discount for solar and/or storage purchase

JOIN THE DISCUSSION













0/2500

HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

WHY STARTENGINE?

REWARDS

We want you to succeed and get the most out of your money by offering rewards and memberships!

SECURE

Your info is your info. We take pride in keeping it that way!

DIVERSE INVESTMENTS

Invest in over 200 start-ups and collectibles!

With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.

With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.

At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.

Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.

StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.

For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.

For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.

Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.

Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.

Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.

RAISED
$152,283.23
INVESTORS
123
MIN INVEST
$241.25
VALUATION CAP
$23M

@ 2022 All Rights Reserved

Apple Store Logo

Get To Know Us

Our Team

Careers

Blog

Important Message

IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.


www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.


Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital, LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary, LLC, a broker-dealer registered with the SEC and FINRA/SIPC . You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system regulated by the SEC and operated by StartEngine Primary, LLC, a broker dealer registered with the SEC and FINRA. StartEngine Primary, LLC is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.


Investment opportunities posted and accessible through the site are of three types:


1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.


Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice with respect to any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy or completeness of any information. Neither StartEngine nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. See additional general disclosures here.


By accessing this site and any pages on this site, you agree to be bound by our Terms of use and Privacy Policy, as may be amended from time to time without notice or liability.


Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.


California Investors Only – Do Not Sell My Personal Information (800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.


StartEngine’s Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view StartEngine’s offering circular and risk associated with this offering.