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Nixplay

Operating

Nixplay, Inc.

Technology · Denver, MN

Leading provider of cloud connected smart photo frame solutions for private family content

Post-money valuation
$40.0M
As of May 2024 · from Reg A Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$1,247,789
Across 3 rounds since 2022
Latest share price
$7.1615
Reg A Offering (2022) offering price

Financials

FY2021 · from SEC filings · hover any figure for its source
$9.0M
−$4.8M
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 audited
Income statement
Revenue
$9,025,516
Cost of goods sold
$6,248,538
Gross margin
31%
Net income
-$4,819,065
Balance sheet
Cash
$2,552,855
Accounts receivable
$7,028,628
Total assets
$24,948,448
Long-term debt
$0
Total liabilities
$20,566,797
Other
Headcount
0

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
$40.0M
post-money
Reg A Offering (2022)

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 A Offering (2022)ClosedReg A+ · Common Equity · via SI Securities, LLC
Raised $606K / $15MInvestors 393Post-money $40M
Nixplay (2023-03-27)ClosedReg CF · via StartEngine
Raised $641.8KInvestors 403
Nixplay (2022-12-21)WithdrawnReg CF · via SeedInvest
Raised $0

Team

9 people
Mark Palfreeman
Chief Executive Officer & Director

Mark is the founder and CEO of Nixplay. He has taken the company from bedroom start-up to a business that has profitably generated over $330m in cumulative sales revenue, with just $2.7m of raised capital. Since graduating business school, Mark has focused on simplifying technology solutions to serve the whole family in a private, secure, enjoyable way. He has developed extensive experience at the operational and leadership level in industrial design, technology, ecommerce and digital marketing.

Benoit Le Berre
Chief Financial Officer

Benoit has deep expertise in the world of finance. He started his career as a Financial Auditor at Mazars where he led audit assignments for large listed corporations including large consumer brands. Prior to joining Nixplay he worked for a manufacturing group with operations in Asia leading financial management across the business. In 2015 he joined Nixplay as a Group Financial Controller and was promoted CFO in 2017.

Joel Durbridge
Chief Operating Officer

Joel started his career serving 10 years as an Officer in the British Royal Marine Commandos and Special Forces. During this time he crafted his leadership in some of the most hostile environments in the world including multiple tours of Afghanistan and support to various counter terrorism activity. His operations skill set comes from the world of finance. He worked as a Head of Strategy in Financial Market Operations at Standard Chartered Bank, driving operational excellence in business process and in Corporate Innovation creating a spin off fintech start-up from within HSBC. Joel has provided strategic leadership to Nixplay since January 2021.

Micheal Barlow
Chief Technology Officer

Micheal is a technologist with over 25 years in creating software solutions & SaaS platforms for global organisations, start-ups and scale-ups including HSBIB the investment banking division of HSBC, Pfizer and the European Bank for Reconstruction and Development. Micheal provides Strategic leadership, technology oversight and is responsible for executing the product vision for Nixplay.

Marcin Dudar
Head of Hardware and Production

With over 30 years of experience in the technology field of embedded devices, IC design and consumer electronics manufacturing Marcin is leading hardware and embedded engineering as well as overseeing manufacturing at Nixplay. Marcin's experience helped companies like ALi become market leader in the field of consumer electronics IC where Marcin led architectural change and delivered the world's leading Set-Top- Box chipset.

Zayyad Wain
Head of Sales

Zayyad is responsible for global sales. Serving with Nixplay since March 2017, he has been instrumental in increasing the size and presence of Nixplay expanding Nixplay on ecommerce and retail channels in the US and other regions. Zayyad holds a Bachelor of Engineering and a Master of Science in E-commerce from the University of Hong Kong where he graduated with First Class Honours. Prior to joining Nixplay, Zayyad worked as a Sales Engineer and Product Manager at AfterShip, a SaaS startup that focused on improving the logistics and customer experience for E-commerce Brands.

Arlene Calangi
General Manager - Philippines

Arlene holds 26 years of experience, in industries ranging from Banking and Finance, Supply Chain and Logistics, Business Process Offshoring (BPO) and Shared Services (SSC), Prior to Nixplay, Arlene worked for multinational companies such as HSBC, Convergys, MasterCard, DHL, Amec Foster Wheeler.

Peter O’Kelly
Managing Director - Philippines

Peter started his career in television broadcasting. He worked at the History Channel in promotions and editorial, then went on to organise shoots and location bookings for various London-based advertising & production companies. He is a co-founder of Nixplay and has been with the business since 2009. During this time, he has worn several hats as one would expect in a start-up; he has an intricate knowledge of how the business works. Currently, he is leading general operations in our Philippines office, as well as directly managing our customer service, digital signage, and service subscription teams. The core of his career path and skillset is providing above-and-beyond experiences with the customer always coming first.

Philippe Tartavull
Director (Chairman)

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

  • Form 1-ZMay 21, 20240001683168-24-003722
    EDGAR
  • Form 1-KApr 29, 20240001683168-24-002773
    EDGAR
  • Form 253G2Dec 15, 20230001683168-23-008877
    EDGAR
  • Form 1-SASep 27, 20230001683168-23-006767
    EDGAR
  • Form 1-KJul 18, 20230001683168-23-004968
    EDGAR
  • Form 253G2Mar 21, 20230001683168-23-001615
    EDGAR
  • Form QUALIFMar 20, 20239999999994-23-000120
    EDGAR
  • Form 1-A/AMar 1, 20230001683168-23-001223
    EDGAR
Source: ManualCIK 0001946957DEShare price $7.1615

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.