About
The #1 online accelerator: Equipping founders with tools to build, scale, and fund startups. 2,500+ companies, $2.2B+ raised by alumni.
- Austin, United States of America
- Legal Name: AStralABs INC.
- Company ID: 81-3021095
- Year Founded: 2016
- Industry: Venture Capital & Private Equity
- Website: https://www.newchip.com
- SEC Filings
Highlights
$15M
CF Valuation
$611.4K
Total Raised
$10.1M
Revenue
118
Employees
Indicators
Profit Margin
-23%
(-8.2%)
2020: -14.8%
Current Ratio
2.47
(183.9%)
2020: 0.87
Revenue Growth
Financials
| INCOME STATEMENT | 2021 | 2020 | 2019 | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|---|---|---|
| Revenue | $10,057,994 | $2,986,986 | $752,606 | $42,880 | $1,000 | 1,005,699% |
| Cost of Goods Sold | -$566,597 | -$190,490 | -$12,964 | $0 | $0 | 4,270% |
| Gross Profit | $9,491,397 | $2,796,496 | $739,642 | $42,880 | $1,000 | 949,040% |
| Other Costs | -$11,808,905 | -$3,238,751 | -$1,643,889 | -$2,023,082 | -$749,183 | 1,476% |
| Taxes Paid | $0 | $0 | $0 | $0 | $0 | — |
| Net Income | -$2,317,508 | -$442,255 | -$904,247 | -$1,980,202 | -$748,183 | 210% |
| BALANCE SHEET | 2021 | 2020 | 2019 | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|---|---|---|
| Cash | $364,833 | $109,303 | $6,280 | $152,504 | $240,432 | 52% |
| Accounts Receivable | $1,082,959 | $283,131 | $0 | $0 | $0 | 282% |
| Total Liquidity | $1,447,792 | $392,434 | $6,280 | $152,504 | $240,432 | 502% |
| Other Assets | $294,188 | $175,484 | $199,656 | $73,974 | -$1 | -50,722,169% |
| Total Assets | $1,741,980 | $567,918 | $205,936 | $226,478 | $240,431 | 625% |
| Short Term debt | $706,653 | $655,885 | $174,739 | $10,004 | $18,500 | 3,720% |
| Long Term debt | $905,204 | $149,900 | $3,715,750 | $3,045,294 | $1,154,240 | -22% |
| Total Debt | $1,611,857 | $805,785 | $3,890,490 | $3,055,299 | $1,172,740 | 37% |
| Other Liabilities | $130,123 | -$237,867 | -$3,684,554 | -$2,828,821 | -$932,309 | -114% |
| Total Liabilities | $1,741,980 | $567,918 | $205,936 | $226,478 | $240,431 | 625% |
Revenue Growth
Employee Growth
Financials
| INCOME STATEMENT | 2021 | 2020 | 2019 | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|---|---|---|
| Revenue | $10,057,994 | $2,986,986 | $752,606 | $42,880 | $1,000 | 1,005,699% |
| Cost of Goods Sold | -$566,597 | -$190,490 | -$12,964 | $0 | $0 | 4,270% |
| Gross Profit | $9,491,397 | $2,796,496 | $739,642 | $42,880 | $1,000 | 949,040% |
| Other Costs | -$11,808,905 | -$3,238,751 | -$1,643,889 | -$2,023,082 | -$749,183 | 1,476% |
| Taxes Paid | $0 | $0 | $0 | $0 | $0 | — |
| Net Income | -$2,317,508 | -$442,255 | -$904,247 | -$1,980,202 | -$748,183 | 210% |
| BALANCE SHEET | 2021 | 2020 | 2019 | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|---|---|---|
| Cash | $364,833 | $109,303 | $6,280 | $152,504 | $240,432 | 52% |
| Accounts Receivable | $1,082,959 | $283,131 | $0 | $0 | $0 | 282% |
| Total Liquidity | $1,447,792 | $392,434 | $6,280 | $152,504 | $240,432 | 502% |
| Other Assets | $294,188 | $175,484 | $199,656 | $73,974 | -$1 | -50,722,169% |
| Total Assets | $1,741,980 | $567,918 | $205,936 | $226,478 | $240,431 | 625% |
| Short Term debt | $706,653 | $655,885 | $174,739 | $10,004 | $18,500 | 3,720% |
| Long Term debt | $905,204 | $149,900 | $3,715,750 | $3,045,294 | $1,154,240 | -22% |
| Total Debt | $1,611,857 | $805,785 | $3,890,490 | $3,055,299 | $1,172,740 | 37% |
| Other Liabilities | $130,123 | -$237,867 | -$3,684,554 | -$2,828,821 | -$932,309 | -114% |
| Total Liabilities | $1,741,980 | $567,918 | $205,936 | $226,478 | $240,431 | 625% |
| INCOME STATEMENT | 2021 | 2020 | 2019 | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|---|---|---|
| Revenue | $10,057,994 | $2,986,986 | $752,606 | $42,880 | $1,000 | 1,005,699% |
| Cost of Goods Sold | -$566,597 | -$190,490 | -$12,964 | $0 | $0 | 4,270% |
| Gross Profit | $9,491,397 | $2,796,496 | $739,642 | $42,880 | $1,000 | 949,040% |
| Other Costs | -$11,808,905 | -$3,238,751 | -$1,643,889 | -$2,023,082 | -$749,183 | 1,476% |
| Taxes Paid | $0 | $0 | $0 | $0 | $0 | — |
| Net Income | -$2,317,508 | -$442,255 | -$904,247 | -$1,980,202 | -$748,183 | 210% |
| BALANCE SHEET | 2021 | 2020 | 2019 | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|---|---|---|
| Cash | $364,833 | $109,303 | $6,280 | $152,504 | $240,432 | 52% |
| Accounts Receivable | $1,082,959 | $283,131 | $0 | $0 | $0 | 282% |
| Total Liquidity | $1,447,792 | $392,434 | $6,280 | $152,504 | $240,432 | 502% |
| Other Assets | $294,188 | $175,484 | $199,656 | $73,974 | -$1 | -50,722,169% |
| Total Assets | $1,741,980 | $567,918 | $205,936 | $226,478 | $240,431 | 625% |
| Short Term debt | $706,653 | $655,885 | $174,739 | $10,004 | $18,500 | 3,720% |
| Long Term debt | $905,204 | $149,900 | $3,715,750 | $3,045,294 | $1,154,240 | -22% |
| Total Debt | $1,611,857 | $805,785 | $3,890,490 | $3,055,299 | $1,172,740 | 37% |
| Other Liabilities | $130,123 | -$237,867 | -$3,684,554 | -$2,828,821 | -$932,309 | -114% |
| Total Liabilities | $1,741,980 | $567,918 | $205,936 | $226,478 | $240,431 | 625% |
| INCOME STATEMENT | 2021 | 2020 | 2019 | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|---|---|---|
| Revenue | $10,057,994 | $2,986,986 | $752,606 | $42,880 | $1,000 | 1,005,699% |
| Cost of Goods Sold | -$566,597 | -$190,490 | -$12,964 | $0 | $0 | 4,270% |
| Gross Profit | $9,491,397 | $2,796,496 | $739,642 | $42,880 | $1,000 | 949,040% |
| Other Costs | -$11,808,905 | -$3,238,751 | -$1,643,889 | -$2,023,082 | -$749,183 | 1,476% |
| Taxes Paid | $0 | $0 | $0 | $0 | $0 | — |
| Net Income | -$2,317,508 | -$442,255 | -$904,247 | -$1,980,202 | -$748,183 | 210% |
| BALANCE SHEET | 2021 | 2020 | 2019 | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|---|---|---|
| Cash | $364,833 | $109,303 | $6,280 | $152,504 | $240,432 | 52% |
| Accounts Receivable | $1,082,959 | $283,131 | $0 | $0 | $0 | 282% |
| Total Liquidity | $1,447,792 | $392,434 | $6,280 | $152,504 | $240,432 | 502% |
| Other Assets | $294,188 | $175,484 | $199,656 | $73,974 | -$1 | -50,722,169% |
| Total Assets | $1,741,980 | $567,918 | $205,936 | $226,478 | $240,431 | 625% |
| Short Term debt | $706,653 | $655,885 | $174,739 | $10,004 | $18,500 | 3,720% |
| Long Term debt | $905,204 | $149,900 | $3,715,750 | $3,045,294 | $1,154,240 | -22% |
| Total Debt | $1,611,857 | $805,785 | $3,890,490 | $3,055,299 | $1,172,740 | 37% |
| Other Liabilities | $130,123 | -$237,867 | -$3,684,554 | -$2,828,821 | -$932,309 | -114% |
| Total Liabilities | $1,741,980 | $567,918 | $205,936 | $226,478 | $240,431 | 625% |
| INCOME STATEMENT | 2021 | 2020 | 2019 | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|---|---|---|
| Revenue | $10,057,994 | $2,986,986 | $752,606 | $42,880 | $1,000 | 1,005,699% |
| Cost of Goods Sold | -$566,597 | -$190,490 | -$12,964 | $0 | $0 | 4,270% |
| Gross Profit | $9,491,397 | $2,796,496 | $739,642 | $42,880 | $1,000 | 949,040% |
| Other Costs | -$11,808,905 | -$3,238,751 | -$1,643,889 | -$2,023,082 | -$749,183 | 1,476% |
| Taxes Paid | $0 | $0 | $0 | $0 | $0 | — |
| Net Income | -$2,317,508 | -$442,255 | -$904,247 | -$1,980,202 | -$748,183 | 210% |
| BALANCE SHEET | 2021 | 2020 | 2019 | 2018 | 2017 | TOTAL GROWTH |
|---|---|---|---|---|---|---|
| Cash | $364,833 | $109,303 | $6,280 | $152,504 | $240,432 | 52% |
| Accounts Receivable | $1,082,959 | $283,131 | $0 | $0 | $0 | 282% |
| Total Liquidity | $1,447,792 | $392,434 | $6,280 | $152,504 | $240,432 | 502% |
| Other Assets | $294,188 | $175,484 | $199,656 | $73,974 | -$1 | -50,722,169% |
| Total Assets | $1,741,980 | $567,918 | $205,936 | $226,478 | $240,431 | 625% |
| Short Term debt | $706,653 | $655,885 | $174,739 | $10,004 | $18,500 | 3,720% |
| Long Term debt | $905,204 | $149,900 | $3,715,750 | $3,045,294 | $1,154,240 | -22% |
| Total Debt | $1,611,857 | $805,785 | $3,890,490 | $3,055,299 | $1,172,740 | 37% |
| Other Liabilities | $130,123 | -$237,867 | -$3,684,554 | -$2,828,821 | -$932,309 | -114% |
| Total Liabilities | $1,741,980 | $567,918 | $205,936 | $226,478 | $240,431 | 625% |
Indicators
Profit Margin
-23%
(-8.2%)
2020: -14.8%
Current Ratio
2.47
(183.9%)
2020: 0.87
Efficiency Ratio
5.6%
(-12.5%)
2020: 6.4%
Key figures
| INCOME STATEMENT | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Revenue Growth | 237% | ∞ | 1,655% | 4,188% | ∞ |
| Profit Margin | -23% | -15% | -120% | -4,618% | -74,818% |
| Current Ratio | 2% | 1% | 1% | 23% | 13% |
| Efficiency Ratio | 6% | 6% | 2% | 0% | 0% |
| Solvency Ratio | -144% | -55% | -23% | -65% | -64% |
| Debt Ratio | 92% | 142% | 1,889% | 1,349% | 488% |
Funding History
1 Funding Round
$611,414Total Raised
$15,000,000CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Closed | Closed | Oct 05, 2018 | $611,414 | Wefunder | SAFE | $15M cap | — | SEC Reg CF | 106 days | Jun 21, 2018 |
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