Crowdonomics
All companies
AppMail logo

AppMail

Operating

Airto, Inc

Sports · New York, NY · Founded 2012

The next-generation interactive email

Post-money valuation
$13.1M
As of Oct 2023 · from AppMail Preferred Stock 3 · pre-money + amount raised, not a traded price
Total raised
$1,570,416
Across 5 rounds since 2018
Latest share price
$0.56
Reg CF Offering (2024) 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
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
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
$208,294
$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; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Post-money = pre-money + amount raised · caps marked
$20.1M
post-money
$13.9M
post-money
$13.1M
post-money
SAM Email by Airto, Inc. Stock 2
Airto, Inc Round 3
AppMail Preferred Stock 3

A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.

Fundraising history

Reg CF Offering (2024)ClosedReg CF · Preferred Equity · via WeFunder
Raised $0 / $3.8M
AppMail Preferred Stock 3ClosedReg CF · Preferred Equity · via StartEngine
Raised $99.6K / $3.4MInvestors 89Post-money $13.1M
Airto, Inc Round 3ClosedReg A+ · Preferred Equity · via SeedInvest
Raised $924.1K / $5MPost-money $13.9M
SAM Email by Airto, Inc. Stock 2ClosedReg CF · Common Equity · via StartEngine
Raised $246.7K / $1.1MInvestors 297Post-money $20.1M
SAM Email by Airto, Inc. Convertible Note 1ClosedReg CF · Convertible Note · via SeedInvest
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.