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Airto, Inc

Sports & Recreation · New York, NY · Founded 2012

The next-generation interactive email

Post-money valuation ⓘ
$13.1M
As of Oct 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$1,785,116
Crowd $1.6M · Private $215K · 6 rounds since 2018
Latest share price
$0.56
Reg CF · Preferred Stock · Aug 2023 offering price

Financials

FY2016–FY2022 · from SEC filings · hover any figure for its source
$73K
−$5K
2016
$84K
−$2K
2017
$48K
−$52K
2018
$50K
−$629K
2019
$49K
−$296K
2020
$25K
−$327K
2021
$0
−$381K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2016 reviewed*
FY2017 reviewed*
FY2018
FY2019
FY2020 audited
FY2021 audited
FY2022 audited
Income statement
Revenue
$73,250
$84,381
$48,141
$49,615
$48,685
$25,024
$0
Cost of goods sold
$0
$0
$23,073
$0
$0
$0
$0
Gross margin
100%
100%
52%
100%
100%
100%
—
Net income
-$5,232
-$1,978
-$51,851
-$628,703
-$296,395
-$327,441
-$380,583
Taxes paid
$0
$0
$0
$25,000
$0
$7,770
$8,351
Balance sheet
Cash
$18,998
$13,766
$25,586
$196,858
$151,875
$53,998
$439,665
Accounts receivable
$0
$54,000
$40,000
$30,000
$30,000
$25,024
$25,024
Total assets
$18,998
$67,786
$55,586
$226,858
$181,875
$79,022
$464,689
Short-term debt
$0
$41,918
$0
$24,805
$80,048
$76,770
$26,243
Long-term debt
$0
$0
$30,000
$35,930
$870,180
$156,161
$709,119
Total liabilities
$0
$41,918
$30,000
$60,735
$950,228
$232,931
$735,362
Other
Headcount
—
3
3
6
3
—
3

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$19.9M
pre-money
$13.0M
pre-money
$13.0M
pre-money
$12.0M
est. pre-money
Reg CF · Common · Jul 2020
Reg A+ · Preferred · Apr 2021
Reg CF · Preferred · Aug 2023
Reg CF · Preferred · Mar 2024

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$0.89$0.445$0.49
Jul 2020Aug 2023
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Apr 2021 (-44.9%)

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2022
Class F common stock · 93.1%Class A common stock · 6.94%
ClassOutstandingVotes / shareShare of totalLast price
Class F common stock20,000,000—93.1%—
Class A common stock1,490,663—6.94%$0.56Aug 2023
Total21,490,663100%

Shares outstanding over timein today's share terms

21M11M0
Dec 2018Dec 2022
Class A common stockClass F common stockCommon StockRound opened

Principal holders% as the filing states it, Apr 27, 2022

  • Duncan Sham10,000,000 Class F Common Stock50.0%of company
  • Shi Li10,000,000 Class F Common Stock50.0%of company
  • Brad Berkson641,711 Class A Common Stock43.5%of company
  • Nan Zhao641,711 Class A Common Stock43.5%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $0 / $3.8MEst. pre-money $12M
Raised $99.6K / $3.4MInvestors 89Post-money $13.1M
Raised $924.1K / $5MPost-money $13.9M
Raised $246.7K / $1.1MInvestors 297Post-money $20.1M
Raised $214.7KInvestors 2
Raised $300K / $700K

Team

3 people
Duncan ShamFounder
Co-founder, Chief Product Officer, Board Member

Duncan wears a creative belt in our team with a passion to build and create things. With over a decade of experience in the creative industry, he has designed exciting campaigns for the global brands including Gap, Adidas, YouTube, Lacoste, Pepsi, Meitu, Artful Dodger Clothing (Jay Z’s Clothing Brand), Gatorade/Serena Williams, McDonalds, New York Marathon, Blackberry, Smart, Wrigleys, LG Phones and Yahoo. His work has reached billboards in Times Sq (NY), TV commercials across the U.S. to major events hosted by celebrities in Asia. Being a Product Manager at SAM, Duncan likes to push the boundaries of our product design, from the UI/UX and functionality perspective, as well as ensuring it aligns with the business objectives. All in all, he is a perfect mix of design, innovation and logic.

Shi LiFounder
Founder, CEO, Board Member

Shi is the Sensei of our team who has built consumer and business-facing companies in both the United States and Asia. He is a serial entrepreneur with extensive work experience of 8 years in the digital and airline industry. Shi has also acquired and collaborated with brands in more than 10 countries including, but not limited to, IAG(Parent company of BA, Iberia, and Aer Lingus), JetBlue, Israel Airlines, Google, Walmart, etc. Frequently invited and awarded at industry summits: - Airline Information (2019) - FTE and IAG (2018) - IATA World Passenger Symposium (2017)

Jeff Hoffman
Advisor

Jeff is a successful entrepreneur, worldwide motivational speaker, Hollywood film producer, and a Grammy-winning jazz album producer. He’s been a member of several successful startups, including Priceline.com and Booking.com. Jeff has worked in many different industries and markets, and as such, possesses a unique knowledge of what it takes to grow a business.

Names and titles as disclosed on SEC Form 1-A, SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 3 of 8 annual reports (FY2018–FY2025)

297 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C/AApr 23, 20240001670254-24-000410
    EDGAR
  • Form CMar 25, 20240001670254-24-000255
    EDGAR
  • Form C-UOct 27, 20230001665160-23-001882
    EDGAR
  • Form CJul 24, 20230001665160-23-001553
    EDGAR
  • Form 1-ZApr 19, 20230001104659-23-046998
    EDGAR
  • Form 1-SAOct 26, 20220001104659-22-111408
    EDGAR
  • Form 1-KApr 27, 20220001104659-22-050901
    EDGAR
  • Form 253G2Apr 13, 20220001104659-22-045369
    EDGAR
Source: ManualCIK 0001745986DEShare price $0.56

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.