Coco Coders
Coding for Kids: Preparing the Next Generation for the AI Age
Last Funded April 2024
$797,600
raised from 34 investors
Investment Terms
You will be investing in Coco Coders through an SPV. This means that when you invest, you will be signing the SPV Subscription Agreement, not the direct investment contract. For more information on SPVs, see here.
- SPV Subscription Agreement - Early Bird
- Early Bird Coco Coders Early Bird SAFE
- SPV Subscription Agreement
- Coco Coders SAFE
Financials
We have financial statements ending December 31, 2024. Our cash in hand is $129,000, as of March 2025. Over the three months prior, revenues averaged $68,567/month, cost of goods sold has averaged $35,147/month, and operational expenses have averaged $115,424/month.
At a Glance
Jan 1 – Dec 31, 2024
$472,048
Revenue
+210%
-$691,040
Net Loss
$74,588
Short-Term Debt
+207X
$1,460,102
Raised in 2024
$129,000
Cash on Hand
+210%
Net Margin:
-146%
Gross Margin:
45%
Return on Assets:
-72%
Earnings per Share:
-$0.07
Revenue per Employee:
$118,012.24
Cash to Assets:
40%
Revenue to Receivables:
24,878%
Debt Ratio:
8%
Coco Coders Inception Statement of Financial Position and CPA Review Report 1 .pdf
Coco Coders Inc - Balance Sheet - Wefunder - GAAP.pdf
Coco Coders Inc - Changes in Equity - Wefunder - GAAP.pdf
Coco Coders Inc - Cash Flows - Wefunder - GAAP.pdf
Coco Coders Inc - Income Statement - Wefunder - GAAP.pdf
Management’s Discussion and Analysis of Financial Condition and Results of Operations
You should read the following discussion and analysis of our financial condition and results of operations, together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
Overview
Coding for Kids: Preparing the Next Generation for the AI Age
Milestones
Coco Coders Inc. was incorporated in the State of Delaware in June 2023.
Since then, we have:
Our company was incorporated in June 2023 and has limited operations upon which prospective investors may base an evaluation of its performance.
To-date, the company has been financed with $1,012,502 in equity and $741,902 in SAFEs.
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 12 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 12 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
Runway & Short/Mid Term Expenses
Coco Coders Inc.'s cash in hand is $129,000.37, as of March 2025. Over the last three months, revenues have averaged $68,567/month, cost of goods sold has averaged $35,147/month, and operational expenses have averaged $115,424/month, for an average burn rate of $82,004 per month. We intend to be profitable in 36 months.
Subscription revenue generating; Added B2B revenue; Increased ad spend; Increased people costs;
Our revenues over the next 6 months will continue to grow to $103K/month in September 2025. Our cost of sales will be $52K in September 2025. Ad spend will increase to $55K/month by Sep 2025. Our expenses over the next 6 months (assuming we hit our target raise amount) will increase to $103K/mo.
Based on current projections, we will become profitable after raising our next round with total funding of $6M. It is likely we could become profitable sooner than this if we delay the development of our AI technology. The growth and scale of our business are not 100% tied to the development of AI, and therefore, it is a decision we can make as we get a clearer picture of the funding we can secure.
We have been funded to date via Reg D SAFEs from 2 HNW angel investors and 3 VC funds. We will be covering short-term burn through a Seed extension raise.
All projections in the above narrative are forward-looking and not guaranteed.
You should read the following discussion and analysis of our financial condition and results of operations, together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
Overview
Coding for Kids: Preparing the Next Generation for the AI Age
Milestones
Coco Coders Inc. was incorporated in the State of Delaware in June 2023.
Since then, we have:
- ✅ Annual Recurring Revenue (ARR) accelerating rapidly, now over $1M.
- ⚡️Active Subscriptions are up 200% year-over-year.
- ⌨️ Achieving Top Honors: #1 in Computer Clubs on Trustpilot, Celebrated for Excellence in EdTech.
- ↗️ Our CEO brings a proven track record of scaling 2 other education ventures to impressive heights.
- 🧠 Taught over 12,000 Students between the ages of 6 and 14 with unmatched Customer Satisfaction.
- 🪝 For every $1 spent on ads, the company makes $7 in revenue.
- ⚓ ️️B2C business engine has been built & is ready to scale; next milestone is corporate partnerships
Our company was incorporated in June 2023 and has limited operations upon which prospective investors may base an evaluation of its performance.
- Revenues & Gross Margin. For the period ended December 31, 2024, the Company had revenues of $472,048.97 compared to the year ended December 31, 2023, when the Company had revenues of $152,161.05
- Assets. As of December 31, 2024, the Company had total assets of $959,838.45, including $386,930.35 in cash. As of December 31, 2023, the Company had $555,992.26 in total assets, including $121,315.42 in cash.
- Net Loss. The Company has had net losses of $691,040.26 and net income of $180,160.58 for the fiscal years ended December 31, 2024, and December 31, 2023, respectively.
- Liabilities. The Company's liabilities totaled $74,588.83 for the fiscal year ended December 31, 2024, and $358.02 for the fiscal year ended December 31, 2023.
To-date, the company has been financed with $1,012,502 in equity and $741,902 in SAFEs.
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 12 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 12 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
Runway & Short/Mid Term Expenses
Coco Coders Inc.'s cash in hand is $129,000.37, as of March 2025. Over the last three months, revenues have averaged $68,567/month, cost of goods sold has averaged $35,147/month, and operational expenses have averaged $115,424/month, for an average burn rate of $82,004 per month. We intend to be profitable in 36 months.
Subscription revenue generating; Added B2B revenue; Increased ad spend; Increased people costs;
Our revenues over the next 6 months will continue to grow to $103K/month in September 2025. Our cost of sales will be $52K in September 2025. Ad spend will increase to $55K/month by Sep 2025. Our expenses over the next 6 months (assuming we hit our target raise amount) will increase to $103K/mo.
Based on current projections, we will become profitable after raising our next round with total funding of $6M. It is likely we could become profitable sooner than this if we delay the development of our AI technology. The growth and scale of our business are not 100% tied to the development of AI, and therefore, it is a decision we can make as we get a clearer picture of the funding we can secure.
We have been funded to date via Reg D SAFEs from 2 HNW angel investors and 3 VC funds. We will be covering short-term burn through a Seed extension raise.
All projections in the above narrative are forward-looking and not guaranteed.
Risks
1
Solo Founder Risk: As a solo founder, the company's vision and direction heavily depend on one individual. While we have a strong executive team and advisory board, the unique challenges and decision-making pressures associated with solo leadership could impact our business strategies and execution.
2
Key Person Risk: Our success is closely tied to the capabilities of our small management team. The loss or unavailability of any key members could adversely affect our operations. We are addressing this risk by hiring additional team members for role overlap and creating how-to guides for continuity, but the risk remains a significant factor.
3
Recruitment and Retention of Teachers: Our business model relies on attracting skilled teachers. The ability to hire and retain such talent is crucial, and we plan to mitigate this risk by setting up further partnerships and networks. However, recruitment challenges in a competitive market remain a risk.
Other Disclosures
The Board of Directors
| Director | Occupation | Joined |
|---|---|---|
| Elizabeth Tweedale | CEO @ Coco Coders Inc. | 2023 |
| Tim Weelborg | Managing Partner @ Homegrown Capital | 2024 |
Officers
| Officer | Title | Joined |
|---|---|---|
| Elizabeth Tweedale | CEO | 2023 |
Voting Power
| Holder | Securities Held | Power |
|---|---|---|
| Elizabeth Tweedale | 3,600,000 Common stock | 38.6% |
Past Fundraises
| Date | Security | Amount |
|---|---|---|
| 5/2024 | Priced Round | $1,012,502 |
| 4/2024 | SAFE | $55,698 |
| 1/2024 | SAFE | $284,445 |
| 1/2024 | SAFE | $107,457 |
| 11/2023 | SAFE | $250,000 |
| 9/2023 | SAFE | $100,000 |
Outstanding Debts
None.Related Party Transactions
In July of 2023, the Company bought their intellectual property from Cypher Coding Limited (Cypher) in exchange for £9,400. Cypher owns 1,080,000 of the Company’s common shares. The intellectual property includes but is not limited to logos & variations thereof, typefaces and brand assets, website, social media and ad accounts, previous press mentioning Coco Coders, booking systems and classroom app, lesson content, and communications. The Company licenses this to Cypher for them to use for online customers.
Use of Funds
| $50,000 | 60% towards building out the B2C model through organic traffic, ads, and refinement of GTM strategy; 33.1% towards building out our partnership strategy - B2B2C with corporates; 6.9% towards WeFunder fees |
|---|---|
| $1,235,000 | 50% towards Growth - Building out the B2C model through organic traffic, ads, and refinement of GTM strategy; Building partnership strategy B2B2C with corporates and schools23.1% towards Tech & AI development - Including proprietary online classroom & initial AI training20% towards Operations - Expanded hiring and operating costs6.9% towards WeFunder fees |
Capital Structure
| Class of Security | Securities (or Amount) Authorized | Securities (or Amount) Outstanding | Voting Rights |
|---|---|---|---|
| Common | 12,000,000 | 5,595,000 | Yes |
| Series Seed 1 Preferred | 3,130,304 | 1,811,110 | Yes |
| Series Seed 2 Preferred | 1,890,708 | 1,890,708 | Yes |
| Series Seed 3 Preferred | 10,839 | 10,839 | Yes |
Form C Filing on EDGAR
The Securities and Exchange Commission hosts the official Form C on their EDGAR web site.