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Daxbot

Operating

Daxbot Inc.

Software & AI · Philomath, DE · Founded 2021

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Food delivery robot capable of both driving itself to make short range deliveries

Post-money valuation ⓘ
$37.7M
As of Jul 2022 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$415,432
Across 1 round since 2021
Latest share price
$3.39
Reg CF · Common Stock · Sep 2021 offering price

Financials

FY2019–FY2023 · from SEC filings · hover any figure for its source
$650K
−$46K
2019
$77K
−$661K
2020
$65K
−$604K
2021
$105K
−$942K
2022
$63K
−$1.1M
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed*
FY2020 reviewed
FY2021 reviewed
FY2022 unaudited
FY2023
Income statement
Revenue
$649,896
$77,150
$65,460
$104,613
$62,662
Cost of goods sold
$7,706
$4,108
$12,704
$25,507
$120,078
Gross margin
99%
95%
81%
76%
-92%
Net income
-$45,706
-$660,673
-$604,084
-$941,581
-$1,098,784
Taxes paid
$0
$0
$0
$0
$0
Balance sheet
Cash
$142,108
$23,243
$51,022
$6,340
$49,901
Accounts receivable
$0
$0
$32,999
$4,830
$16,916
Total assets
$447,271
$482,824
$781,046
$628,925
$728,220
Short-term debt
$435,915
$1,084,225
$492,745
$627,075
$173,586
Long-term debt
$55,000
$110,000
$7,321
$0
$517,500
Total liabilities
$490,915
$1,194,225
$500,066
$627,075
$691,086
Other
Headcount
—
17
17
12
21

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
$37.3M
pre-money
Reg CF · Common · Sep 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Cap table

Principal holders% as the filing states it, Apr 19, 2024

  • Nova Dynamics, LLC98.6%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

Reg CF · Common Stock · Sep 2021Closedvia StartEngine
Raised $415.4K / $1.1MInvestors 419Post-money $37.7M

Team

3 people
Jason Richards
CEO

Jason Richards is the Chief Executive Officer of Daxbot and leads our commercial effort. Prior to Daxbot, Jason was the director of sales and marketing for an internet service provider, overseeing the strategic growth of the company. In addition to his work there, Jason had been hired as a consultant by several other companies to assist them with creating strategy and process for their organizations. Previously, Mr. Richards was the CEO of a software company, FFRS.

Joseph Sullivan
Founder, Director, and Owner

Daxbot founder Joseph Sullivan has been making robots since he was nine years old. Joseph began programming when he was ten and started his first tech company when he was 14, releasing his first commercial software shortly thereafter. Joseph has started several successful companies since then including Alyrica and Active911. Active911 provides global services to emergency responders including roughly 30% of US firefighters. His vision for the future is one filled with friendly, helpful robots in the service of humanity.

Kevin Sullivan
Director & Owner

Kevin Sullivan serves on the Daxbot board of directors. Kevin has been instrumental in helping his brother Joseph start and run the successful companies mentioned above. Kevin is currently the CEO of Alyrica Networks and helped Joseph launch Active911 and Daxbot.

Names and titles as disclosed on 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 5 annual reports (FY2021–FY2025)

419 investors
holder-count proxy

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

SEC filings

View all 10 filings on EDGAR
  • Form C-TRMar 24, 20250001096906-25-000285
    EDGAR
  • Form C-ARApr 19, 20240001096906-24-000874
    EDGAR
  • Form C-ARApr 25, 20230001877901-23-000002
    EDGAR
  • Form C-UJul 29, 20220001665160-22-002127
    EDGAR
  • Form C/AJun 28, 20220001665160-22-001913
    EDGAR
  • Form C/AMay 31, 20220001665160-22-001718
    EDGAR
  • Form C-ARMay 2, 20220001665160-22-001315
    EDGAR
  • Form C/AApr 29, 20220001665160-22-001181
    EDGAR
Source: ManualCIK 0001877901DEShare price $3.39

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.