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Reach Beyond with Kliken Ads
SiteWit Corp. (d.b.a."Kliken" or the "Company") is a platform making online marketing and advertising accessible for small to medium e-commerce and service businesses. From 2020 to 2022, we generated over $22 million in revenue.
$106,161.42 Raised
REASONS TO INVEST
Through our highly efficient and scalable self-serve model, we are able to deliver highly valuable marketing services at the fraction of their usual cost, generating an average 6X return on ad spending for our customers.
Our revenue has increased by 371% since 2019 to over $22 million from 2020 to 2022, with over $200 million in sales for customers using our advertising solutions.
We have developed key partnerships with major e-commerce platforms including WooCommerce, Wix, Ecwid, One.com, VISA, Constant Contact, Square, Weebly and more.
the pitch
At Kliken, our mission is to help e-commerce store owners grow their business with AI-driven advertising solutions previously available only to the Fortune 500, on a small business budget with no marketing experience required. With over $18 million from previous raises, $22 million in revenue from the past two years, and multiple awards won, we believe we are ready to grow in order to reach more business than ever.
The opportunity
Top-Tier Digital Marketing that Works for Small Businesses
Small and medium business owners (SMBs) need to advertise online to grow their customer bases. Most marketing agencies charge over $1,000 per month, but the average SMB only has a monthly marketing budget of $300-$500 (source, source).
Our services have a low cost of entry at $150/month while allowing our customers to increase their advertising to from $150 to $10,000 per month, giving them powerful scalability. Our platform is so effective at building campaigns that our customers complete the build process in less than 5 minutes on average and over 15% of the customers buy the advertising campaigns.
*These testimonials may not be representative of the experience of other customers and is not a guarantee of future performance or success.
THE MARKET & OUR TRACTION
Strong Partnerships and Proven Results in an Underserved Market
The e-commerce software and platform market is growing rapidly at a CAGR of 12.5% (source). Currently, there are 32 million SMBs in the US and 23 million SMBs in the EU, alone. Google and Facebook only serve 6 million, leaving 90% of small businesses untapped. (source, source, source)
Since our launch we have reached the following milestones:
- 102 million products under management
- Businesses see an average of 6x Return on Advertising Spend (ROAS)
- $200 million in sales for customers using our advertising solutions.
- $22 million in revenue from 2020 - 2022, a 371% increase from 2019
- Average of 5,000 organic new customers signing up each month
- Conversion rate of over 10% for buying an advertising campaign
- $18 million raised in funding
- Partnerships with WooCommerce, Wix, Ecwid, One.com, VISA, Constant Contact, Square, Weebly and more
WHY INVEST
Making Fortune 500-Quality Marketing Accessible to Millions of Small Businesses
We exist to see our customers and their business thrive by growing sales, acquiring ideal customers, and giving them more - all in a simple, reliable, disruptive, and cost-effective way. With this raise, we plan to increase marketing for our newest service, Kliken Ads, and expand beyond the US to exponentially grow our base. With a proven track record generating revenue, strong partnerships, and multiple awards, we believe we are ready to deliver key marketing services at affordable prices to small businesses everywhere.
ABOUT
HEADQUARTERS
5201 W Kennedy Blvd, Suite 500
Tampa, FL 33626
WEBSITE
View Site
SiteWit Corp. (d.b.a."Kliken" or the "Company") is a platform making online marketing and advertising accessible for small to medium e-commerce and service businesses. From 2020 to 2022, we generated over $22 million in revenue.
TEAM
Ricardo Lasa
CEO
Donald Berndt
Chief Scientist
Don works around 20 hours per week for Kliken.
Christopher Lord
CTO
James McCart
Chief AI Officer
Jesse Baynard II
VP of Engineering
Charles Fox
COO
Marc Fratello
Director
Marc is an investor, board member and CEO mentor to Dealer Wizard, Kliken, That’s Us Technologies, Red Rover, Haddy, Marxent Labs and Trucks.com.
Marc holds a MBA in Finance from the Wharton School of Business and undergraduate degree from Franklin & Marshall College and resides in St Petersburg, Florida.
Marc works 20 hours per week on Kliken.
Jonathan Gordon
Director
In January 2006, Jonathan co-founded Stage 1 Ventures, an early stage venture capital firm. Investments include e-Centives (sold to Catalina Marketing), AdelaVoice, Marxent Labs, Maple Farm Media, Carvoyant, Par Elastic, Instream, Veloxum, XPeerient, Delfigo Security, Wing Power, Phantom Alert, OnePin, Cuesol (sold to MobileLime), go2 (merged with 80108), SiteWit and Auspice (sold to Arris), Kliken, and KiteDesk.
Jonathan works 20 hours per week with Kliken.
Marc Sokol
Board Member
Now a partner and investment committee chair at Florida Funders, Chairman of VirtualZ Computing, and President of GovTech startup Commack Solutions.
Marc works 5 hours per week at SiteWit Corp. (d.b.a. Kliken).
TERMS
Kliken
Overview
PRICE PER SHARE
$4.11
DEADLINE
Aug. 4, 2023 at 6:59 AM UTC
VALUATION
$44.97M
FUNDING GOAL
$15k - $1.23M
Breakdown
MIN INVESTMENT
$246.60
MAX INVESTMENT
$1,234,997.46
MIN NUMBER OF SHARES OFFERED
3,649
MAX NUMBER OF SHARES OFFERED
300,486
OFFERING TYPE
Equity
ASSET TYPE
Preferred Stock
SHARES OFFERED
Series C Preferred Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives & Bonuses*
Time-Based
Friends and Family
Invest within the first 48 hours and receive 20% bonus shares
Super Early Bird
Invest within the first week and receive 15% bonus shares
Early Bird Bonus
Invest within the first two weeks and receive 10% bonus shares
Volume-Based Perks
Viking Investors $1,000+
Investor Exclusive: $150 in FREE Kliken Ads for your second month, when you purchase a campaign within 3 months of the funding round closing.
Dragon Investors $2,500+
5% bonus shares; Investor Exclusive: $250 in FREE Kliken Ads for your second month, when you purchase a campaign within 3 months of the funding round closing; 30-minute ad campaign VIP strategy session on zoom with one of our experts
Legend Investors $5,000+
7% bonus shares; Investor Exclusive: $500 in FREE Kliken Ads for your second month, when you purchase a campaign within 3 months of the funding round closing; 60-minute ad campaign VIP strategy session on zoom with one of our experts
Hydra Investors $10,000+
9% bonus shares; Investor Exclusive: $1,000 in FREE Kliken Ads for your second month, when you purchase a campaign within 3 months of the funding round closing.; 60-minute ad campaign VIP strategy session on zoom with one of our experts
Kraken Investors $25,000+
10% bonus shares; Call with Founder / CEO; Investor Exclusive: $2,500 in FREE Kliken Ads for your second month, when you purchase a campaign within 3 months of the funding round closing; 60-minute ad campaign VIP strategy session on zoom with one of our experts
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Kliken by SiteWit Corp. ("Kliken" or the "Company") 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 Series C Preferred Stock at $4.11 / share, you will receive 110 shares of Series C Preferred Stock, meaning you'll own 110 shares for $411. 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 investors 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 receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
ALL UPDATES
REWARDS
10%
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
Owner’s Bonus
Owner’s Bonus Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
JOIN THE DISCUSSION
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Mark Skoskiewicz
6 months ago
What was your revenue in each of the years 2019, 2020, 2021, and 2022?
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chad demoss
7 months ago
Hi Where are the ads being placed? Do you use google ads and you manage the campaigns or do you place ads directly with websites?
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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!
FAQS
Crowdfunding
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.
Jarod Rudisill
6 months ago
Looks like losses increased from the prior year. What is the reason for this? Also, what will revenue be this year and when will you reach profitability? Lastly, what is the time frame for an exit and what is the exit strategy?
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