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Prismatext

Operating

Prismatext Inc.

Software & AI · B2C · Anchorage, AK · Founded 2020

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A fun and effortless language-learning platform

Valuation cap ⓘ
$6.0M
As of Feb 2023 · from Reg CF Offering (2022) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$525,500
Crowd $58K · Private $467K · 2 rounds since 2022

Financials

FY2020–FY2023 · from SEC filings · hover any figure for its source
$26K
−$4K
2020
$59K
−$103K
2021
$46K
−$83K
2022
$179K
−$295K
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed
FY2021 reviewed
FY2022 unaudited
FY2023 unaudited
Income statement
Revenue
$25,785
$59,202
$45,666
$179,384
Cost of goods sold
$0
$0
$0
$0
Gross margin
100%
100%
100%
100%
Net income
-$4,333
-$103,481
-$83,324
-$295,464
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$2,724
$2,553
$7,490
$97,884
Accounts receivable
$0
$0
$0
$0
Total assets
$2,724
$2,553
$7,490
$114,945
Short-term debt
$0
$0
$26,761
$7,807
Long-term debt
$0
$0
$0
$12,000
Total liabilities
$0
$0
$26,761
$19,807
Other
Headcount
—
0
0
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, 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
$6.0M
Valuation cap
Reg CF · SAFE · Dec 2022

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

Fundraising history

Section 4(a)(2) · SAFE · Jan 2023Closed
Raised $467.3K
Reg CF · SAFE · Dec 2022Closedvia Republic
Raised $58.2K / $1.2MInvestors 84Valuation cap $6M

Team

2 people
Zachary Erving
Chief Executive Officer
Phillip Belleau
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Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.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

Not requiredFiled Form C-TR (terminated reporting)

Filed 2 of 4 annual reports (FY2022–FY2025)

84 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-TRApr 26, 20240001975493-24-000002
    EDGAR
  • Form C-ARApr 26, 20240001975493-24-000001
    EDGAR
  • Form C-ARApr 28, 20230001843387-23-000005
    EDGAR
  • Form C-UMar 6, 20230001956028-23-000001
    EDGAR
  • Form CNov 29, 20220001956028-22-000001
    EDGAR
Source: ManualCIK 0001956028DE

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.