# CODAworx

Marketplace for the Public Art Industry

- Canonical URL: https://wefunder.com/codaworx
- Entity ID: wefunder:company:133290
- Last updated: 2026-06-19T05:00:58Z
- Generated at: 2026-06-20T02:59:37Z

## Quick facts
- Poised to exploit its database of over $4 billion in public art projects to accelerate growth
- Led by a seasoned entrepreneur who raised $52 million in VC investments for previous businesses
- CODAsummit - industry's largest gathering - drove 5X growth in event revenue 2018-2022.
- Launched CODAMADE joint venture to bring NFTs to the public art industry
- Strategic industry sponsorships: Panasonic, Barco, Epson, SNA Displays, Adobe
- Strategic industry partnerships with Interior Design magazine and Architects Foundation

## Active fundraises
- wefunder:fundraise:83027: 4(a)(6) successful (USD)
- wefunder:fundraise:83028: 4(a)(6) successful (USD)

## Story
Public art is creative placemaking — artwork projects that enliven and transform spaces — and connect communities, people, places, and economic opportunities.Public art is a collaborative process. We work together and take responsibility for the spaces where we live and work. CODAworx is at the heart of this industry with our events, proprietary software products, publications, and services. Every creative professional is important, because creating large, complex artwork projects require multiple players.  We know and value them all. From the commissioner to the installer, it takes many collaborators to complete a large-scale artwork projectThe CODAworx RFP software and services connects organizations and companies seeking experienced artists for public art projects. Our staff has unmatched industry knowledge of the commissioned art process, and we sponsor and distribute the most comprehensive list of commission opportunities.The public art industry is large, dynamic, and growing exponentially every year.  This growth is being fueled by the experience economy - as we all seek out public engagement that is safe, joyful, and provides memorable experiences.All of the players come together on the CODAworx platform — fostering connections that lead to transactionsNew players are investing in public art. Economic development agencies are seeking to drive tourism. Real estate developers are using public art to differentiate their commercial and residential projects.  Businesses are using public art to enhance their brands and elevate employee retention.  All of this is driving growth of the public art industry and the growth of CODAworxA huge data asset in which members post projects online, each with 12 data points With data collected from 9,000+ projects in 93 countries, CODAworx has amassed a dataset about the public art industry that has greater depth and breadth than any other source to our knowledge. Commissioners need data to justify more commission $$$Artists need data to understand where the $$$ are flowingFabricators and service providers need data to understand customers and industry trendsMajor technology companies need data they have come to expect from growth industriesTHE WORLD needs to understand the size, strength and growth potential of the public art industryData can influence decisions to commission public art - our information products will be a valuable resource to multiple segments and make the case that public art is a powerful economic driver.Create products to serve a wide range of industry playersThe annual CODAsummit conference has proven itself as the premier conference focused on revolutionary individuals and exciting developments in art and technology. We are truly passionate about this creative community, therefore community ownership is central to our thinking.  Join our mission to grow the public art industry, and learn more about what public art can do for your communities and your businesses!

## FAQ
1. **Hello. Great Idea but what about high debt ratio? Is there a plan to get rid of short term debt?**
   - Hi there and thank you for asking this important question. All of the short-term debt is made up of personal loans that I have made to the Company over the years. (I am the CEO.) They are low-interest, and I have the right to convert them to equity. Please let me know if you have any other questions!
2. **Are you interested in gaining access to an active investor database of about 20k active investor who can invest in your dynamic project? kindly contact me now via www.fiverr.com/prince_berahino for more details.**
   - Thank you for reaching out, but we have a great community in the public art world and we are focused on that ecosystem.
3. **Hello Toni and Codaworx team. I had the opportunity to closely get in touch with the amazing team (Suzanne and Sally), use the CODAworx platform and attend the CODAsummit. I would like to know how it works for an investor in Europe? Is it possible to get more information in th...**
   - Hi Nabiha! (love your work). All investors in CODAworx will become part of an entity that represents their interest for voting purposes. Any investor, no matter where they are, will receive our Series A Preferred shares, which have the same rights as previous investors. We have already had a number of investors from around the world! Thank you for your consideration, and please let me know if you have any other questions. Toni
4. **Hello. Considering a significant portion of revenue comes from conferences and events to potentially repay the debt and finance the future of the database, would it be possible to shed some light on the average number of attendees for the past conference in 2023 (i.e. CodaSumm...**
   - Hi Peter, and thanks for this great question. Yes, a third of our revenue comes from events such as CODAsummit. The spring conferences are smaller and topic focused, but our larger fall conference typically has 300-350 registrants, possibly 400 this year in San Jose (Oct. 4-6). But the majority of our revenue comes in the form of sponsorships - this year: Panasonic, Barco, Epson, SNA Displays and Adobe. Please let me know if you have other questions!
5. **Thanks for the prompt reply Toni. Acknowledging that a concentrated and active userbase is pivotal to economical success for data aggregation, from the 15,000 registered members mentioned in the pitch deck, would there be any visibility of user engagement metrics such as MAU o...**
   - Peter, Loving these very good questions! We have a number of engagement metrics we track, such as number of projects posted, messages sent, design boards activated, etc. But the key user engagement is focused on projects posted, and we have several projects that drive this engagement: CODAmagazine (digital magazine with a different topic each month, where members submit projects for inclusion), and CODAawards, which brings in large numbers of posted projects. Re exit plan, please give me your...

## Team
- Toni Sikes (CEO and Founder)
- Suzanne Ball (Director of Art Partnerships)
- Sally Kraus (Director of Member Services)
- Matt Peterson (Strategic Advisor)
- Jenifer Wetterau (Content Manager)
- Sebastian Norback (Office Manager)
- Kristian Petrov Iliev (Marketing Manager)
- Matthew Bowden (Design Manager)

## Q&A
- Q: Hi Toni & the CODAworx Team, congratulations on all your success so far. I, along with members of my community (Doriot Venture Club), am interested in investing but have some questions. Thank you in advance for your responses! 1) I’m genuinely impressed by the investor protections included in the round (Page 6 of your Form C. E.g. Anti-Dilution, Tag-Along Rights, etc.). But, would we as RegCF investors actually get to exercise these protections? In most RegCF deals I’ve seen, any material rights are either nullified or delegated to the CEO and/or Lead Investor. 2) Do you have any estimates to quantify the size of your target market(s) and, more importantly, the size of the segment you think you could capture? 3) Do you have any major competitors? If so, how do you differentiate? 4) In your campaign & filings you mentioned 1) missed SBA and WEDC loan payments in summer 2023 and 2) estimates to become profitable by ~Jan 2024. Do you have any updates here? Thank you!
  - A: Hello Dan, Thank you and your community for these excellent questions! I must admit that I do not have an immediate answer to the question about investor protections, so I will check with our attorney and respond to that in the next few days. As for the size of the public art industry, I will give you the numbers we now have on hand. Public art is an invisible industry, in that there are so many players and financial transactions that most people are not aware of. For example, creating a large sculpture involves an artist team, fabricators, lighting, technology (often), engineers, landscaping and installation, shipping and logistics. We have app. 35,000 of that international community in our database. We are just finishing up our major survey of the industry, and can say with conviction that it is at least $4 billion. Currently, we are capturing very little of those transactions (almost none), but we are in the process of developing a platform that will be able to capture a much larger percentage. The good news is that we are at the center of this universe, and have developed a very strong brand. The bad news is that the platform we are building will not be up and running until 2025. As for loan payments, we have negotiated a lower SBA loan payment for this year, and are working with WEDC on the loan payments. We have raised the money to develop this new platform and are hard at work on that. As a result of this development work, I do not anticipate that we will be profitable this year. I welcome the opportunity to speak directly with you and other members of your community. I believe that CODAworx has a most compelling story! Thank you for your interest. Toni
- Q: I believe you owe all potential investors an answer to the exit strategy question. How will investors see a return on their investment and when can they expect to see that return? Fundamental information for investors.
  - A: Steve, Very good question, and as you say, important information for individuals considering an investment in CODAworx. There are several possibilities. At some point in the future, another company could purchase all or part of CODAworx. Or, a financial enterprise could make a substantial investment in CODAworx and, as part of the deal, offer to purchase shares of existing shareholders. Finally, CODAworx might decide to begin offering dividends to shareholders. I don't have a specific response for your timing question, as CODAworx is in growth mode, and much depends on monies raised and execution of plans. I hope this is helpful, and I'm happy to speak with you offline with more details!
- Q: You mention further rounds of investment will be required, how much further dilution can investors expect?
  - A: Steve, This current equity crowdfunding raise will provide funding to take us to the next level of growth, with clear data about the size of the public art industry. Beyond that, it depends on whether we believe that a larger, more substantial investment would grow the company to a point where the dilution is worthwhile to investors. I am not able to make that judgment today, but I suspect that, at some point in the future, we may decide to go for one more larger round. Thank you for asking.
- Q: So after this round, the post-money valuation will be roughly $10M. If I were to invest $100k in this round, then the post-money cap table should show that I own about 1% of the company - correct? Or are all classes of shares not created equal?
  - A: Steve, You are roughly correct, and the shares in this equity crowdfunding raise are Series A Preferred. With some minimal rights and preferences. Happy to discuss in more detail with you!
- Q: Hello Toni, thank you so much! I was wondering what is the deadline to close this crowdfunding round?
  - A: Nabiha, Thank YOU for asking! We plan to close this campaign at the end of the year. Is there anything else you would like to know? Toni
- Q: Thanks for the prompt reply Toni. Acknowledging that a concentrated and active userbase is pivotal to economical success for data aggregation, from the 15,000 registered members mentioned in the pitch deck, would there be any visibility of user engagement metrics such as MAU of registered users? Also, given your background in M&A, what is the proposed exit plan for the company? Thank you
  - A: Peter, Loving these very good questions! We have a number of engagement metrics we track, such as number of projects posted, messages sent, design boards activated, etc. But the key user engagement is focused on projects posted, and we have several projects that drive this engagement: CODAmagazine (digital magazine with a different topic each month, where members submit projects for inclusion), and CODAawards, which brings in large numbers of posted projects. Re exit plan, please give me your email address and I'll send more details. Thank you!
- Q: Hello. Considering a significant portion of revenue comes from conferences and events to potentially repay the debt and finance the future of the database, would it be possible to shed some light on the average number of attendees for the past conference in 2023 (i.e. CodaSummit NFT March 2023)? Also, are the venues generally pre-booked and confirmed ahead of time? Thank you
  - A: Hi Peter, and thanks for this great question. Yes, a third of our revenue comes from events such as CODAsummit. The spring conferences are smaller and topic focused, but our larger fall conference typically has 300-350 registrants, possibly 400 this year in San Jose (Oct. 4-6). But the majority of our revenue comes in the form of sponsorships - this year: Panasonic, Barco, Epson, SNA Displays and Adobe. Please let me know if you have other questions!
- Q: Hello Toni and Codaworx team. I had the opportunity to closely get in touch with the amazing team (Suzanne and Sally), use the CODAworx platform and attend the CODAsummit. I would like to know how it works for an investor in Europe? Is it possible to get more information in this regard? Thank you!
  - A: Hi Nabiha! (love your work). All investors in CODAworx will become part of an entity that represents their interest for voting purposes. Any investor, no matter where they are, will receive our Series A Preferred shares, which have the same rights as previous investors. We have already had a number of investors from around the world! Thank you for your consideration, and please let me know if you have any other questions. Toni
- Q: Are you interested in gaining access to an active investor database of about 20k active investor who can invest in your dynamic project? kindly contact me now via www.fiverr.com/prince_berahino for more details.
  - A: Thank you for reaching out, but we have a great community in the public art world and we are focused on that ecosystem.
- Q: Hello. Great Idea but what about high debt ratio? Is there a plan to get rid of short term debt?
  - A: Hi there and thank you for asking this important question. All of the short-term debt is made up of personal loans that I have made to the Company over the years. (I am the CEO.) They are low-interest, and I have the right to convert them to equity. Please let me know if you have any other questions!
  - A: Hi and thanks for asking this important question. All of the short-term debt is made up of personal loans that I have made to the Company over the years. They are low-interest and I have the right to convert them to equity. Please let me know if you have any other questions! Toni