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ASTRALABS

Operating

Newchip Inc.

Fintech · Founded 2020

The Global Portfolio of Startups

Post-money valuation ⓘ
$70.0M
As of Mar 2021 · from Reg CF Offering (2021-01-25) · pre-money + amount raised, not a traded price
Total raised
$4,529,355
Crowd $971K · Private $3.6M · 9 rounds since 2016
Latest share price
$2.0292
Private · Class A-3 preferred stock · Apr 2021 offering price · down round

Financials

FY2016–FY2021 · from SEC filings · hover any figure for its source
$0
−$198K
2016
$1K
−$748K
2017
$43K
−$2.0M
2018
$753K
−$904K
2019
$3.0M
−$442K
2020
$10.1M
−$2.3M
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2016 reviewed*
FY2017 reviewed*
FY2018
FY2019
FY2020 audited
FY2021 audited
Income statement
Revenue
$0
$1,000
$42,880
$752,606
$2,986,986
$10,057,994
Cost of goods sold
$0
$0
$0
$12,964
$190,490
$566,597
Gross margin
—
100%
100%
98%
94%
94%
Net income
-$197,884
-$748,183
-$1,980,202
-$904,247
-$442,255
-$2,317,508
Taxes paid
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$10,689
$240,432
$152,504
$6,280
$109,303
$364,833
Accounts receivable
$0
$0
$0
$0
$283,131
$1,082,959
Total assets
$10,689
$240,431
$226,478
$205,936
$567,918
$1,741,980
Short-term debt
$18,500
$18,500
$10,004
$174,739
$655,885
$706,653
Long-term debt
$189,028
$1,154,240
$3,045,294
$3,715,750
$149,900
$905,204
Total liabilities
$207,528
$1,172,740
$3,055,299
$3,890,490
$805,785
$1,611,857
Other
Headcount
—
9
12
18
59
118

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
$69.3M
pre-money
$69.3M
pre-money
$53.4M
est. pre-money
$121.1M
est. pre-money
Reg CF · Common · Sep 2018
Reg CF · Preferred · Jan 2021
Private · Class A-3 preferred · Apr 2021
Reg CF · Preferred · Jul 2021

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

$2.75$1.375$2.0292
Jan 2021Apr 2021
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Apr 2021 (-26.2%)

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, 2020
Preferred Stock · 27.4%Class A-2 preferred stock · 27.4%Class A-1 preferred stock · 0.51%Class B common stock · 31.5%Class A common stock · 13.1%
ClassOutstandingVotes / shareShare of totalVotesLiquidationLast price
Preferred Stockpreferred7,215,132—27.4%7.14%1× non-participating · paid 1st—
Class A-2 preferred stockpreferred7,215,799—27.4%7.14%——
Class A-1 preferred stockpreferred135,165—0.51%0.13%——
Class B common stock8,300,0001031.5%82.2%——
Class A common stock3,456,493113.1%3.42%——
Total26,322,589100%100%

Shares outstanding over timein today's share terms

19M9.5M0
Dec 2019Dec 2020
Class A common stockClass B common stockPreferred StockRound opened

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 / $4MEst. pre-money $121.1M
Raised $110KInvestors 3
Raised $1.1MEst. pre-money $53.4M
Raised $971.1K / $1.1MInvestors 931Post-money $70M
Raised $377.1KInvestors 33
Raised — / $1.1MPost-money $69.3M
Raised $2MInvestors 35

Team

3 people
Andrew RyanFounder
Founder & CEO @ ASTRALABS
Nihar Patel
CFO and Director @ ASTRALABS
Travis Brodeen
Board Member

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

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 3 of 8 annual reports (FY2018–FY2025)

931 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-ARMay 4, 20220001686991-22-000003
    EDGAR
  • Form DApr 26, 20220001686991-22-000001
    EDGAR
  • Form DDec 3, 20210001686991-21-000006
    EDGAR
  • Form CJul 12, 20210001670254-21-000795
    EDGAR
  • Form C-UJul 9, 20210001670254-21-000790
    EDGAR
  • Form D/AFeb 23, 20210001686991-21-000005
    EDGAR
  • Form DFeb 19, 20210001686991-21-000004
    EDGAR
  • Form C/AFeb 12, 20210001670254-21-000151
    EDGAR
Source: ManualCIK 0001686991Share price $4.60

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.