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Recime is offering securities under both Regulation D and Regulation CF through SI Securities, LLC ("SI Securities"). SI Securities is an affiliate of SeedInvest Technology, LLC, a registered broker-dealer, and member FINRA/SIPC. SI Securities will receive cash compensation equal to 7.50% of the value of the securities sold and equity compensation equal to 5.00% of the number of securities sold. Investments made under both Regulation D and Regulation CF involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Furthermore, the contents of the Highlights, Term Sheet sections have been prepared by SI Securities and shall be deemed broker-dealer communications subject to FINRA Rule 2210 (the “Excluded Sections”). With the exception of the Excluded Sections noted above, this profile contains offering materials prepared solely by Recime without the assistance of SI Securities, and not subject to FINRA Rule 2210 (the “Issuer Profile”). The Issuer Profile may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. Investors should review the risks and disclosures. The contents below are meant to be a summary of the information found in the company’s Form C. Before making an investment decision, investors should review the company’s Form C for a complete description of its business and offering information, a copy of which may be found both here and below.

Projected Chatbot Market Size (2021)

$3+ billion

Est. CAGR (2016 to 2021)

35.2%

  • Partnered with Gigigo, one of the largest mobile agencies in Central Europe and Latin America.
  • Developed and powered a Facebook Messenger chatbot for Coca-Cola of Switzerland.
  • 550+ registered developers on the platform.
  • Developed and powered a Facebook Messenger and WeChat chatbot for SendWyre.com.
  • Amount raised:  
  • Close date:  
  • Indicated Interest:  
  • Raise Description:  Seed
  • Minimum Investment:  US $500 per investor
  • Security Type:  Crowd Note
  • Valuation Cap:  US $5,000,000
  • Offering Type:   Side by Side Offering

Recime (ˈresəˌmē) is an AI chatbot framework and cloud based self-service platform for enterprises to build great customer experiences.


Recime is an enterprise chatbot platform. We provide the tools to easily build chatbots that improve customer experiences by automating customer support, promotions, content delivery, and more. Our chatbots can help companies with:

  • Customer Service: Customers want to talk to your business 24/7 and expect a response right away. Use AI powered chatbots to save time and efficiently communicate with your customers.
  • PromotionsEngage your current customers and get new customers by offering promotions and coupons.
  • Content DistributionShare news, videos, and photos with your customers to educate and engage your community.
  • Extend Your ServiceBuild and extend your services to messaging apps. Think of it as your app living in a messenger.

Pitch Deck

Product & Service

Recime (ˈresəˌmē) is an enterprise chatbot platform. It allows companies to build chatbots that save the enterprise time and improve the customer experience. 
  • Recime provides the cloud infrastructure, chatbot framework, AI, and analytics to easily build chatbots. Our platform is powerful and easy to use, giving developers the tools to streamline their development process.
  • For an enterprise, Recime offers the features large companies need. Chatbots will be quick and responsive to users, data is safe and secure, and we offer 99.5% uptime and dedicated support.
  • Recime offers a SaaS pricing model for business customers and custom service level agreements for enterprise customers.

We offer simple and affordable pricing for different enterprise needs. 

  • Community Edition (Free)Everything you need to build a great chatbot with no strings attached. Good for startups, community and open-source project. Features include: Multi-channel Integration; Natural Language Processing;  Bot Analytics; Community Support. 
  • Enterprise Edition (custom pricing):  Get everything you need to scale your chatbot and brand. Features include: Multi-channel Integration; Natural Language Processing; Maximum Performance; Bot Analytics; SLA Agreement - 99.9% Uptime; Priority D+1 / 4h Support.

“We looked at a lot of the chatbot platforms to explore that encompass multiple messenger services, but primarily WeChat. Recime and their team were the only ones that we found who knew their stuff across the board, and it was a no-brainer for us. The Recime team understood our requirements and built a great Facebook Messenger and WeChat chatbot that integrated into the Wyre service. Recime crushed it!” 

- Michael Dunworth, CEO at SendWyre.com*

*Disclaimer: The above individual was not compensated in exchange for his testimonial. In addition, testimonials should not be construed as and/or considered investment advice.

Media Mentions

Team Story

In 2016, Mehfuz began to attend chatbot development hackathons where he realized that there weren't many tools to help him build chatbots. So he began to use his 10 years of mobile development experience to develop software to help him more efficiently build chatbots. Through this frustration with the lack of chatbot software, Recime was born. In March of 2017, the platform was launched to the public.

The Recime team has a powerful mix of expertise. Our development team has over 10 years of platform development experience, and our marketing and business team is made up of advertising professionals.

Our advisors and investors are world class as well. Vassil and Stephen lead Telerik, a mobile development platform which was acquired in 2014. Sergio is CEO of Gigigo, one of the biggest mobile advertising agencies in Europe and Latin America.

Founders and Officers

Mehfuz Hossain

Co-Founder | Technology & Product

Mehfuz leads the team with a commanding knowledge of platform development. For 10 years he worked as a software engineer on one of the largest mobile development platforms. His experience defines Recime's technology solution.   

Joseph Holguin

Co-Founder | Product & Partnership

Joseph brings strategy, focus and product vision to the management team. With over 7 years working in digital advertising and software development, Joseph helps the team develop software that enterprises need.

Jeffrey Broer

Co-Founder | Sales & Marketing

Jeffrey brings vision, creative talent, leadership and attention to detail to the Recime team. Jeffrey is a recognized public speaker, advisor, mentor and investor. He leads Recime’s expansion based out of Hong Kong. 

Jean-Marc Ly

Co-Founder | Product & Growth

JM is an expert in growth marketing and has a GREAT attitude. His approach to results-driven campaigns is incredibly valuable in helping Recime grow. He’s a super fun person to problem solve with and the team really enjoys working with him! 

Mehfuz Hossain

Co-Founder | Technology & Product

Mehfuz leads the team with a commanding knowledge of platform development. For 10 years he worked as a software engineer on one of the largest mobile development platforms. His experience defines Recime's technology solution.   

Joseph Holguin

Co-Founder | Product & Partnership

Joseph brings strategy, focus and product vision to the management team. With over 7 years working in digital advertising and software development, Joseph helps the team develop software that enterprises need.

Jeffrey Broer

Co-Founder | Sales & Marketing

Jeffrey brings vision, creative talent, leadership and attention to detail to the Recime team. Jeffrey is a recognized public speaker, advisor, mentor and investor. He leads Recime’s expansion based out of Hong Kong. 

Jean-Marc Ly

Co-Founder | Product & Growth

JM is an expert in growth marketing and has a GREAT attitude. His approach to results-driven campaigns is incredibly valuable in helping Recime grow. He’s a super fun person to problem solve with and the team really enjoys working with him! 

Key Team Members

Kazi Rashid

Lead Developer

Notable Advisors & Investors

Vassil Terziev

Investor, Co-Founder, Telerik Academy

Sergio Llorens

Investor, Founder, Gigigo Group

Stephen Forte

Advisor, Managing Partner, Fresno Capital

Q&A with the Founder

  • What is your business development plan to scale the business?
    We split our focus between creating traction and developing the product. We plan to focus on finding our traction and distribution channels, while improving on the product based on consumer feedback and industry uptake. We intend to do so by creating a network of developers and agency services which can license our products and build bots for clients using our platform. We collect a small percentage of development fees, licensing fees, and server monthly costs. We plan to build our developer community by adding a MVP developer program and adding training and certification for our platform (which we hope will create easier adoption), a certification for developer work, and ultimately a marketplace for companies to hire freelance Recime-certified developers to build their bots). In essence, we plan to create and attack the market in a two prong strategy: one that focuses on individual developers and teams and one that targets primarily enterprises and agencies. Each target group requires a specific tactic and traction strategy. Our current efforts involve content marketing, partnership building and sales, engineering as marketing providing free (or low-cost) tools that provide consumer values and link-backs to our platform, trade shows, and offline events (hackathons). We use agencies and their sales teams to reach out to Fortune 500 companies.
  • Can you give some more color on your user base?
    We just launched in March, and as of June had approximately 375 signed up users, with roughly 30 people using bots, a few on the $99 a month plan, some on the free plan, and a number on the $10,000 and SLA. Those with smaller plans are building bots themselves; with $99 they have to create bots themselves with their tools. We do, however, provide them support in getting off the ground. We also have some enterprise clients, such as Coke , Exabytes, Wyre, and Gigigo. For Coke, we will be doing multiple bots and coupon generation. Currently we have a $10,000 SLA, but will plan to grow to $20,000-30,000 this year as we are working on more complex relationships.
  • What is the Gigigo partnership?
    Gigigo is an advertising company specializing in digital marketing strategies. They are a large global agency in Spain, Latin America, etc. with $1 billion topline. Their CEO is an angel investor in Recime. Recime is their platform provider for bot expertise. Gigigo is the marketing platform for them and has been key for unlocking introductions to potential customers on the free, $99 a month as well as enterprise SLA. They will help them bypass the IT as they are already an established brand.
  • What is your product roadmap (introductions of additional products)?
    We are a bot platform and provide the platform and the framework, and we are on top amazon servers. Eventually, we want to have the developer platform as well; we want our own servers so we can have more control with the development. We need $2-3 million to build this out for our own data structures. More control of the data is key.​ In terms of other features, we are working on a "drag and drop" feature. In addition, for natural language providers, we have integration with Google API. Eventually we would want our own in-house natural language provider.
  • Please confirm cash in the bank. Any debt?
    As of the end of September, we had $84,000 in the bank. We have no debt.
  • The Q&A with the Founder is based on due diligence activities conducted by SI Securities, LLC. The verbal and/or written responses transcribed above may have been modified to address grammatical, typographical, or factual errors, or by special request of the company to protect confidential information.

    Side by Side Term Sheet

    A Side by Side offering refers to a deal that is raising capital under two offering types. If you plan on investing less than US $20,000.00, you will automatically invest under the Regulation CF offering type. If you invest more than US $20,000.00, you must be an accredited investor and invest under the Regulation D offering type.


    Terms & DescriptionRegulation D - Rule 506(c)Regulation CF
    Investor TypesAccredited OnlyAccredited and Non-accredited
    Round descriptionSeedSeed
    Round sizeUS $1,070,000US $1,070,000
    Amount raisedUS $0US $3,500
    Minimum investment$20,000US $500
    Target minimumUS $500,000US $500,000
    Security typeCrowd NoteCrowd Note
    Conversion discount20.0%20.0%
    Valuation capUS $5,000,000US $5,000,000
    Interest rate5.0%5.0%
    Closing ConditionsThe Company is making concurrent offerings under both Regulation CF and Regulation D (the "Combined Offerings"). Unless the Company raises at least the Target Amount of $25,000 under the Regulation CF offering and a total of $500,000 under the Combined Offerings (the “Closing Amount”) by the offering end date no securities will be sold in this offering, investment commitments will be cancelled, and committed funds will be returned.The Company is making concurrent offerings under both Regulation CF and Regulation D (the "Combined Offerings"). Unless the Company raises at least the Target Amount of $25,000 under the Regulation CF offering and a total of $500,000 under the Combined Offerings (the “Closing Amount”) by the offering end date no securities will be sold in this offering, investment commitments will be cancelled, and committed funds will be returned.
    Investment Management AgreementAll non-Major Purchasers will be subject to an Investment Management Agreement (“IMA”). The IMA will authorize an investment Manager to act as representative for each non-Major Purchaser and take certain actions for their benefit and on their behalf. Please see a copy of the IMA included with the Company's offering materials for additional details.All non-Major Purchasers will be subject to an Investment Management Agreement (“IMA”). The IMA will authorize an investment Manager to act as representative for each non-Major Purchaser and take certain actions for their benefit and on their behalf. Please see a copy of the IMA included with the Company's offering materials for additional details.

    Prior Rounds

    The graph below illustrates the valuation cap or the pre-money valuation of Recime's prior rounds by year.


    This chart does not represent guarantees of future valuation growth and/or declines.

    Pre-Seed

  • Round Size
    US $300,000
  • Close Date
    Apr 20, 2017
  • Security Type
    Preferred Equity
  • Pre-money Valuation
    US $5,000,000
  • Financial Discussion

    Please see the financial information listed on the cover page of the Form C and attached hereto in addition to the following information. Financial statements are attached to the Form C as Exhibit B.

    Operations

    Recime, Inc. was incorporated on August 16, 2016 (“Inception”) in the State of California. The financial statements of Recime, Inc. (which may be referred to as "Recime" the "Company," "we," "us," or "our") are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company’s headquarters are located in San Francisco, California. Recime is a SaaS (Software as a Service) company providing an end-to-end solution for chatbot development.

    The Company has a limited operating history and has not generated revenue intended operations. For the year ended December 31, 2016, we recorded revenue of $0, and net loss of $3,533. The Company’s business and operations are sensitive to general business and economic conditions in the U.S. and worldwide along with local, state, and federal governmental policy decisions. A host of factors beyond the Company’s control could cause fluctuations in these conditions, including but not limited to: technological changes and technology usage behaviors. Adverse developments in these general business and economic conditions could have a material adverse effect on the Company’s financial condition and the results of its operations.

    Liquidity and Capital Resources

    We will rely on debt and equity financing for working capital until positive cash flows from operations can be achieved, and have incurred operating losses since Inception. These matters raise substantial doubt about the Company’s ability to continue as a going concern. Throughout the next 12 months, the Company intends to fund its operations with funding from co-founder contribution, additional debt and/or equity offerings, a proposed Regulation Crowdfunding offering, and revenue from our operations. If we cannot raise additional short-term capital, we may consume all of our cash reserved for operations. There are no assurances that management will be able to raise capital on terms acceptable to the Company. If we are unable to obtain sufficient amounts of additional capital, we may be required to reduce the scope of our planned development, which could harm our business, financial condition and operating results. The balance sheet does not include any adjustments that might result from these uncertainties.

    The Company does not have any additional sources of capital other than the proceeds from the Offering.

    Capital Expenditures and Other Obligations

    The Company does not intend to make any material capital expenditures in the future.

    Material Changes and Other Information Trends and Uncertainties

    After reviewing the above discussion of the steps the Company intends to take, potential Purchasers should consider whether achievement of each step within the estimated time frame is realistic in their judgment. Potential Purchasers should also assess the consequences to the Company of any delays in taking these steps and whether the Company will need additional financing to accomplish them.

    The financial statements are an important part of the Form C and should be reviewed in their entirety. The financial statements of the Company are attached to the Form C as Exhibit B.

    Valuation

    As discussed in "Dilution" in the Form C, the valuation will determine the amount by which the investor’s stake is diluted immediately upon investment. An early-stage company typically sells its shares (or grants options over its shares) to its founders and early employees at a very low cash cost, because they are, in effect, putting their "sweat equity" into the Company. When the Company seeks cash investments from outside investors, like you, the new investors typically pay a much larger sum for their shares than the founders or earlier investors, which means that the cash value of your stake is immediately diluted because each share of the same type is worth the same amount, and you paid more for your shares (or the notes convertible into shares) than earlier investors did for theirs.

    There are several ways to value a company, and none of them is perfect and all of them involve a certain amount of guesswork. The same method can produce a different valuation if used by a different person.

    Liquidation Value - The amount for which the assets of the Company can be sold, minus the liabilities owed, e.g., the assets of a bakery include the cake mixers, ingredients, baking tins, etc. The liabilities of a bakery include the cost of rent or mortgage on the bakery. However, this value does not reflect the potential value of a business, e.g. the value of the secret recipe. The value for most startups lies in their potential, as many early stage companies do not have many assets (they probably need to raise funds through a securities offering in order to purchase some equipment).

    Book Value - This is based on analysis of the Company’s financial statements, usually looking at the Company’s balance sheet as prepared by its accountants. However, the balance sheet only looks at costs (i.e. what was paid for the asset), and does not consider whether the asset has increased in value over time. In addition, some intangible assets, such as patents, trademarks or trade names, are very valuable but are not usually represented at their market value on the balance sheet.

    Earnings Approach - This is based on what the investor will pay (the present value) for what the investor expects to obtain in the future (the future return), taking into account inflation, the lost opportunity to participate in other investments, the risk of not receiving the return. However, predictions of the future are uncertain and valuation of future returns is a best guess.

    Different methods of valuation produce a different answer as to what your investment is worth. Typically liquidation value and book value will produce a lower valuation than the earnings approach. However, the earnings approach is also most likely to be risky as it is based on many assumptions about the future, while the liquidation value and book value are much more conservative.

    Future investors (including people seeking to acquire the Company) may value the Company differently. They may use a different valuation method, or different assumptions about the Company’s business and its market. Different valuations may mean that the value assigned to your investment changes. It frequently happens that when a large institutional investor such as a venture capitalist makes an investment in a company, it values the Company at a lower price than the initial investors did. If this happens, the value of the investment will go down.

    Market Landscape

    Numbers show in millions. Source October 2016: http://www.marketsandmarkets.com/Market-Reports/smart-advisor-market-72302363.html


    The chatbots market is expected to grow from USD 703.3 Million in 2016 to USD 3,172.0 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 35.2% during 2016–2021. The chatbots market is estimated to exhibit high growth during the forecast period owing in part to increasing use of social networking websites and major adoption of cloud - based technologies. Additional drivers in the chatbot market is increasing use of online messaging.

    Risks and Disclosures

    We have a limited operating history upon which you can evaluate our performance, and accordingly, our prospects must be considered in light of the risks that any new company encounters.

    We were incorporated under the laws of California on August 16, 2017. Accordingly, we have no history upon which an evaluation of our prospects and future performance can be made. Our proposed operations are subject to all business risks associated with new enterprises. The likelihood of our creation of a viable business must be considered in light of the problems, expenses, difficulties, complications, and delays frequently encountered in connection with the inception of a business, operation in a competitive industry, and the continued development of advertising, promotions, and a corresponding client base. We anticipate that our operating expenses will increase for the near future. There can be no assurances that we will ever operate profitably. You should consider the Company’s business, operations and prospects in light of the risks, expenses and challenges faced as an early-stage company.

    We may face potential difficulties in obtaining capital.

    We may have difficulty raising needed capital in the future as a result of, among other factors, our lack of an approved product and revenues from sales, as well as the inherent business risks associated with our company and present and future market conditions. Our business currently does not generate any sales and future sources of revenue may not be sufficient to meet our future capital requirements. We will require additional funds to execute our business strategy and conduct our operations. If adequate funds are unavailable, we may be required to delay, reduce the scope of or eliminate one or more of our research, development or commercialization programs, product launches or marketing efforts, any of which may materially harm our business, financial condition and results of operations.

    The development and commercialization of our platform and service is highly competitive.

    We face competition with respect to any products that we may seek to develop or commercialize in the future. Our competitors include major companies worldwide. Many of our competitors have significantly greater financial, technical and human resources than we have and superior expertise in research and development and marketing approved products or services and thus may be better equipped than us to develop and commercialize products or services. These competitors also compete with us in recruiting and retaining qualified personnel and acquiring technologies. Smaller or early stage companies may also prove to be significant competitors, particularly through collaborative arrangements with large and established companies. Accordingly, our competitors may commercialize products more rapidly or effectively than we are able to, which would adversely affect our competitive position, the likelihood that our products or services will achieve initial market acceptance and our ability to generate meaningful additional revenues from our products.

    We are not subject to Sarbanes-Oxley regulations and lack the financial controls and safeguards required of public companies.

    We do not have the internal infrastructure necessary, and are not required, to complete an attestation about our financial controls that would be required under Section 404 of the Sarbanes-Oxley Act of 2002. There can be no assurance that there are no significant deficiencies or material weaknesses in the quality of our financial controls. We expect to incur additional expenses and diversion of management’s time if and when it becomes necessary to perform the system and process evaluation, testing and remediation required in order to comply with the management certification and auditor attestation requirements.

    We rely heavily on our technology and intellectual property, but we may be unable to adequately or cost-effectively protect or enforce our intellectual property rights, thereby weakening our competitive position and increasing operating costs.

    We do not currently maintain any intellectual property registrations. Despite our efforts to protect our proprietary rights, unauthorized parties may copy aspects of our services or technology, obtain and use information, marks, or technology that we regard as proprietary, or otherwise violate or infringe our intellectual property rights. In addition, it is possible that others could independently develop substantially equivalent intellectual property. If we do not effectively protect our intellectual property, or if others independently develop substantially equivalent intellectual property, our competitive position could be weakened.

    Effectively policing the unauthorized use of our services and technology is time-consuming and costly, and the steps taken by us may not prevent misappropriation of our technology or other proprietary assets. The efforts we have taken to protect our proprietary rights may not be sufficient or effective, and unauthorized parties may copy aspects of our services, use similar marks or domain names, or obtain and use information, marks, or technology that we regard as proprietary. We may have to litigate to enforce our intellectual property rights, to protect our trade secrets, or to determine the validity and scope of others’ proprietary rights, which are sometimes not clear or may change. Litigation can be time consuming and expensive, and the outcome can be difficult to predict.

    The products we sell are advanced, and we need to rapidly and successfully develop and introduce new products in a competitive, demanding and rapidly changing environment.

    To succeed in our intensely competitive industry, we must continually improve, refresh and expand our product and service offerings to include newer features, functionality or solutions, and keep pace with price-to-performance gains in the industry. Shortened product life cycles due to customer demands and competitive pressures impact the pace at which we must introduce and implement new technology. This requires a high level of innovation by both our software developers and the suppliers of the third-party software components included in our systems. In addition, bringing new solutions to the market entails a costly and lengthy process, and requires us to accurately anticipate customer needs and technology trends. We must continue to respond to market demands, develop leading technologies and maintain leadership in our solutions’ performance and scalability, or our business operations may be adversely affected.

    We must also anticipate and respond to customer demands regarding the compatibility of our current and prior offerings. These demands could hinder the pace of introducing and implementing new technology. Our future results may be affected if our products cannot effectively interface and perform well with software products of other companies and with our customers’ existing IT infrastructures, or if we are unsuccessful in our efforts to enter into agreements allowing integration of third-party technology with our database and software platforms. Our efforts to develop the interoperability of our products may require significant investments of capital and employee resources. In addition, many of our principal products are used with products offered by third parties and, in the future, some vendors of non-Company products may become less willing to provide us with access to their products, technical information and marketing and sales support. As a result of these and other factors, our ability to introduce new or improved solutions could be adversely impacted and our business would be negatively affected.

    Industry consolidation may result in increased competition, which could result in a loss of customers or a reduction in revenue.

    Some of our competitors have made or may make acquisitions or may enter into partnerships or other strategic relationships to offer more comprehensive services than they individually had offered or achieve greater economies of scale. In addition, new entrants not currently considered to be competitors may enter our market through acquisitions, partnerships or strategic relationships. We expect these trends to continue as companies attempt to strengthen or maintain their market positions. The potential entrants may have competitive advantages over us, such as greater name recognition, longer operating histories, more varied services and larger marketing budgets, as well as greater financial, technical and other resources. The companies resulting from combinations or that expand or vertically integrate their business to include the market that we address may create more compelling service offerings and may offer greater pricing flexibility than we can or may engage in business practices that make it more difficult for us to compete effectively, including on the basis of price, sales and marketing programs, technology or service functionality. These pressures could result in a substantial loss of our customers or a reduction in our revenue.

    Our business could be negatively impacted by cyber security threats, attacks and other disruptions.

    Like others in our industry, we continue to face advanced and persistent attacks on our information infrastructure where we manage and store various proprietary information and sensitive/confidential data relating to our operations. These attacks may include sophisticated malware (viruses, worms, and other malicious software programs) and phishing emails that attack our products or otherwise exploit any security vulnerabilities. These intrusions sometimes may be zero-day malware that are difficult to identify because they are not included in the signature set of commercially available antivirus scanning programs. Experienced computer programmers and hackers may be able to penetrate our network security and misappropriate or compromise our confidential information or that of our customers or other third-parties, create system disruptions, or cause shutdowns. Additionally, sophisticated software and applications that we produce or procure from third-parties may contain defects in design or manufacture, including "bugs" and other problems that could unexpectedly interfere with the operation of the information infrastructure. A disruption, infiltration or failure of our information infrastructure systems or any of our data centers as a result of software or hardware malfunctions, computer viruses, cyber attacks, employee theft or misuse, power disruptions, natural disasters or accidents could cause breaches of data security, loss of critical data and performance delays, which in turn could adversely affect our business.

    The Company has engaged in transactions with related persons. 

    Related persons are defined as any director or officer of the Company; any person who is the beneficial owner of 10 percent or more of the Company’s outstanding voting equity securities, calculated on the basis of voting power; any promoter of the Company; any immediate family member of any of the foregoing persons or an entity controlled by any such person or persons. For more details on the transactions with related persons, review the "Related Person Transactions" section of the Form C.

    General Risks and Disclosures

    Start-up investing is risky. Investing in startups is very risky, highly speculative, and should not be made by anyone who cannot afford to lose their entire investment. Unlike an investment in a mature business where there is a track record of revenue and income, the success of a startup or early-stage venture often relies on the development of a new product or service that may or may not find a market. Before investing, you should carefully consider the specific risks and disclosures related to both this offering type and the company which can be found in this company profile and the documents in the data room below.

    Your shares are not easily transferable. You should not plan on being able to readily transfer and/or resell your security. Currently there is no market or liquidity for these shares and the company does not have any plans to list these shares on an exchange or other secondary market. At some point the company may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when the company either lists their shares on an exchange, is acquired, or goes bankrupt.

    The Company may not pay dividends for the foreseeable future. Unless otherwise specified in the offering documents and subject to state law, you are not entitled to receive any dividends on your interest in the Company. Accordingly, any potential investor who anticipates the need for current dividends or income from an investment should not purchase any of the securities offered on the Site.

    Valuation and capitalization. Unlike listed companies that are valued publicly through market-driven stock prices, the valuation of private companies, especially startups, is difficult to assess and you may risk overpaying for your investment. In addition, there may be additional classes of equity with rights that are superior to the class of equity being sold.

    You may only receive limited disclosure. While the company must disclose certain information, since the company is at an early-stage they may only be able to provide limited information about its business plan and operations because it does not have fully developed operations or a long history. The company may also only obligated to file information periodically regarding its business, including financial statements. A publicly listed company, in contrast, is required to file annual and quarterly reports and promptly disclose certain events — through continuing disclosure that you can use to evaluate the status of your investment.

    Investment in personnel. An early-stage investment is also an investment in the entrepreneur or management of the company. Being able to execute on the business plan is often an important factor in whether the business is viable and successful. You should be aware that a portion of your investment may fund the compensation of the company’s employees, including its management. You should carefully review any disclosure regarding the company’s use of proceeds.

    Possibility of fraud. In light of the relative ease with which early-stage companies can raise funds, it may be the case that certain opportunities turn out to be money-losing fraudulent schemes. As with other investments, there is no guarantee that investments will be immune from fraud.

    Lack of professional guidance. Many successful companies partially attribute their early success to the guidance of professional early-stage investors (e.g., angel investors and venture capital firms). These investors often negotiate for seats on the company’s board of directors and play an important role through their resources, contacts and experience in assisting early-stage companies in executing on their business plans. An early-stage company may not have the benefit of such professional investors.

    Recime's Form C

    The Form C is a document the company must file with the Securities and Exchange Commission, which includes basic information about the company and its offering and is a condition to making a Reg CF offering available to investors. It is important to note that the SEC does not review the Form C, and therefore is not recommending and/or approving any of the securities being offered.

    Download Recime's  Form C

    Frequently Asked Questions

    About Side by Side Offerings
    What is Side by Side?

    A Side by Side offering refers to a deal that is raising capital under two offering types. This Side by Side offering is raising under Regulation CF and Rule 506(c) of Regulation D.


    What is a Form C?

    The Form C is a document the company must file with the Securities and Exchange Commission (“SEC”) which includes basic information about the company and its offering and is a condition to making a Reg CF offering available to investors. It is important to note that the SEC does not review the Form C, and therefore is not recommending and/or approving any of the securities being offered.

    Before making any investment decision, it is highly recommended that prospective investors review the Form C filed with the SEC (included in the company's profile) before making any investment decision.


    What is Rule 506(c) under Regulation D?

    Rule 506(c) under Regulation D is a type of offering with no limits on how much a company may raise. The company may generally solicit their offering, but the company must verify each investor’s status as an accredited investor prior to closing and accepting funds. To learn more about Rule 506(c) under Regulation D and other offering types check out our blog and academy.


    What is Reg CF?

    Title III of the JOBS Act outlines Reg CF, a type of offering allowing private companies to raise up to $1 million from all Americans. Prior capital raising options limited private companies to raising money only from accredited investors, historically the wealthiest ~2% of Americans. Like a Kickstarter campaign, Reg CF allows companies to raise funds online from their early adopters and the crowd. However, instead of providing investors a reward such as a t-shirt or a card, investors receive shares, typically equity, in the startups they back. To learn more about Reg CF and other offering types check out our blog and academy.


    Making an Investment in Recime
    How does investing work?

    When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Recime. Once Recime accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Recime in exchange for your shares. At that point, you will be a proud owner in Recime.


    What will I need to complete my investment?

    To make an investment, you will need the following information readily available:

    1. Personal information such as your current address and phone number
    2. Employment and employer information
    3. Net worth and income information
    4. Social Security Number or government-issued identification
    5. ABA bank routing number and checking account number (typically found on a personal check or bank statement)

    If you are investing under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.


    What is a Crowd Note?

    The Crowd Note is a security which allows crowd investors to largely realize the same economic benefit traditional investors have historically received when investing in startups. For a convertible note round, investors under $20,000 will have their investment convert into preferred equity at liquidity event, locking in a share price at a discount to the next priced round, and will have an interest rate on their investment. Investors investing $20,000 and over will convert into preferred equity at the subsequent priced round at a discount to that priced round and will have an interest rate on their investment. For a priced round, investors under $20,000 will have their investment convert into preferred equity at a liquidity event, locking in the share price of the current round.


    How much can I invest?

    An investor is limited in the amount that he or she may invest in a Reg CF offering during any 12-month period:

    • If either the annual income or the net worth of the investor is less than $100,000, the investor is limited to the greater of $2,000 or 5% of the lesser of his or her annual income or net worth.
    • If the annual income and net worth of the investor are both greater than $100,000, the investor is limited to 10% of the lesser of his or her annual income or net worth, to a maximum of $100,000.

    Separately, Recime has set a minimum investment amount of US $500.

    Accredited investors investing $20,000 or over do not have investment limits.


    After My Investment
    What is my ongoing relationship with the Issuer?

    You are a partial owner of the company, you do own shares after all! But more importantly, companies which have raised money via Regulation CF must file information with the SEC and post it on their websites on an annual basis. Receiving regular company updates is important to keep shareholders educated and informed about the progress of the company and their investment. This annual report includes information similar to a company’s initial Reg CF filing and key information that a company will want to share with its investors to foster a dynamic and healthy relationship.

    In certain circumstances a company may terminate its ongoing reporting requirement if:

    1. The company becomes a fully-reporting registrant with the SEC
    2. The company has filed at least one annual report, but has no more than 300 shareholders of record
    3. The company has filed at least three annual reports, and has no more than $10 million in assets
    4. The company or another party purchases or repurchases all the securities sold in reliance on Section 4(a)(6)
    5. The company ceases to do business

    However, regardless of whether a company has terminated its ongoing reporting requirement per SEC rules, SeedInvest works with all companies on its platform to ensure that investors are provided quarterly updates. These quarterly reports will include information such as: (i) quarterly net sales, (ii) quarterly change in cash and cash on hand, (iii) material updates on the business, (iv) fundraising updates (any plans for next round, current round status, etc.), and (v) any notable press and news.


    How can I sell my shares in the future?

    Currently there is no market or liquidity for these shares. Right now Recime does not plan to list these shares on a national exchange or another secondary market. At some point Recime may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Recime either lists their shares on an exchange, is acquired, or goes bankrupt.


    How do I keep track of this investment?

    You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement. If invested under Regulation CF you may also receive periodic updates from the company about their business, in addition to monthly account statements.


    Other General Questions
    What is this page about?

    This is Recime's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity. If the company runs a side by side offering that includes an offering under Regulation CF, you may also find a copy of the Recime's Form C. The Form C includes important details about Recime's fundraise that you should review before investing.


    How can I (or the company) cancel my investment under Regulation CF?

    For offerings made under Regulation CF, you may cancel your investment at any time up to 48 hours before a closing occurs or an earlier date set by the company. You will be sent a reminder notification approximately five days before the closing or set date giving you an opportunity to cancel your investment if you had not already done so. Once a closing occurs, and if you have not canceled your investment, you will receive an email notifying you that your shares have been issued. If you have already funded your investment, your funds will be promptly refunded to you upon cancellation. To cancel your investment, you may go to your portfolio page


    What if I change my mind about investing?

    If you invest under any other offering type, you may cancel your investment at any time, for any reason until a closing occurs. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page.