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PenPal Schools

Operating

PenPal News, Inc.

Education · Austin, TX · Founded 2012

Minority-founded
Valuation cap ⓘ
$12.0M
As of Apr 2019 · from Reg CF Offering (2019) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$1,249,481
Crowd $74K · Private $1.2M · 4 rounds since 2015

Financials

FY2016–FY2017 · from SEC filings · hover any figure for its source
$4K
−$418K
2016
$7K
−$460K
2017
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2016 reviewed*
FY2017 reviewed*
Income statement
Revenue
$4,397
$7,465
Cost of goods sold
$0
$0
Gross margin
100%
100%
Net income
-$417,936
-$460,354
Taxes paid
$214
$0
Balance sheet
Cash
$48,131
$148,914
Accounts receivable
$0
$0
Total assets
$56,331
$157,114
Short-term debt
$192,661
$12,274
Long-term debt
$505,630
$0
Total liabilities
$698,291
$12,274
Other
Headcount
—
6

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

Valuation caps on SAFE / convertible note rounds
$12.0M
Valuation cap
Reg CF · SAFE · Jan 2019

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Cap table

Principal holders% as the filing states it, Jan 29, 2019

  • Joseph Troyen-Schwartz50.1%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 · SAFE · Jan 2019Closedvia Republic
Raised $74.5K / $1.1MInvestors 238Valuation cap $12M
Raised $275KInvestors 6
Raised $550KInvestors 8
Raised $350KInvestors 7

Team

3 people
/s/Joseph Troyen-Schwartz
Director, Chief Executive Officer and Secretary
/s/Miguel Vazquez
Director and Chief Technology Officer
/s/Azita Ardakani
Director

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

Delinquent

Filed 0 of 8 annual reports (FY2018–FY2025)

Missing: 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025

238 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

  • Form C-UMay 1, 20190001754776-19-000002
    EDGAR
  • Form CJan 29, 20190001644649-19-000002
    EDGAR
  • Form C/AJan 29, 20190001644649-19-000005
    EDGAR
  • Form DJan 29, 20190001644649-19-000001
    EDGAR
  • Form DFeb 2, 20170001644649-17-000001
    EDGAR
  • Form DJun 16, 20150001644649-15-000001
    EDGAR
Source: SEC EDGARCIK 0001644649DELast synced Aug 17, 2026

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.