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Clocr’s deadline was October 2, 2021

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Clocr

Revolutionizing the $300B digital legacy industry with our all-in-one platform
Women Founders Immigrant Founders Legal Services Fintech SaaS Crowd SAFE
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$539,499
2157% of minimum goal raised
1,259
Investors
Successfully funded and closed on October 2, 2021.
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Pitch Updates 11 Reviews 157
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Closed on October 2, 2021. Information may not be up-to-date. Campaign closed on October 2, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Clocr Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Clocr Crowd SAFE Clocr Form C-A 06.17.2021.pdf Clocr Form C.pdf
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Hear from some of the 1,259 investors in Clocr


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Highlights


  • All-in-one digital legacy planning platform
  • $3B ARR potential
  • Minority and women-owned
  • Featured in Forbes, Entrepreneur, Techconnect, and more
  • Dedicated team with experience at Fortune 100 and 500 tech companies

Problem


There is no easy and affordable way to legally pass on your online accounts and digital assets

Digital assets are anything people own online: email, social media, cloud storage, crypto-currency, e-commerce, music, video, rewards points, and more

Traditional wills offer a boilerplate statement regarding digital assets. Service providers (i.e. Google, Facebook, Paypal, etc.) may want more specifics according to a set of laws called RUFADAA (Revised Uniform Fiduciary Access to Digital Assets Act), which is adopted by 46 states and counting.

Why do you need a RUFADAA-compliant will for your online accounts?

By sharing passwords, you may be violating privacy laws. 

You may think that it is easy to simply hand off your spreadsheet full of your passwords, but sharing passwords may be in violation of privacy laws. Even if you use a password manager that may allow emergency access to your account to your designated heirs, you still need a will to make this assignment "legal". 

Not being prepared can have a devastating impact on your family.

There is currently no easy way to consolidate and store your important information, assign your beneficiaries, manage who has assigned you to be their beneficiary, and stay connected with loved ones. 

Solution


Clocr is your easy-to-use, affordable, and secure digital legacy planning solution

With Clocr, you can easily create a will for your online accounts, manage your beneficiaries, and stay connected with your loved ones.

Easy to use, effortless, and affordable

Clocr’s TurboTax style onboarding process walks you through our services and helps you create your digital estate.  In just a few clicks, we set up your accounts and get you ready to assign your beneficiaries. 

Patent-pending security*

*For two patents, the Company entered into a Patent Assignment Agreement, effective as of January 1, 2021, with our Chief Executive Officer and Director, Apoorva Chintala as the Inventor and initial applicant of the patent, under which Ms. Chintala assigned all right, title and interest, therein and thereto. The Company intends to file the appropriate documents with the United States Patent and Trademark Office to reflect such assignment. For the third patent, the patent application identifies Chief Executive Officer and Director, Apoorva Chintala as the Inventor and Applicant, who then assigned all rights thereunder to Aimkara LLC, which intends to assign, or grant a license, to the Company upon issuance of the patent. See the Form C for more information.

Legally-compliant

Your beneficiaries and you as a beneficiary 

All-in-one platform

Stay connected with your family

Built by a family, for your family

Product


Clocr is your one-stop shop for all your digital legacy planning needs

  • Easy-to-use, TurboTax-style onboarding process enables you to set up your online account portfolio and beneficiaries in minutes

  • Your beneficiaries (family, friends, business partners, etc.) can have legal access to your digital property

  • A personal, digital safety deposit box for important documents with patent-pending security

  • Keep track of who designated you as their beneficiary. Never lose sight of your responsibilities
  • Automatic notifications and alerts

Traction


Media mentions and validation from Forbes, SXSW, SoGal, Meet the Drapers, and more

Since our launch in September 2020, Clocr has been making waves in the industry. We’ve been featured in and honored by publications such as Forbes, Entrepreneur, and techconnect.

In 2020, Clocr won and placed at 8 pitch competitions and raised over $15,000 in non-dilutive funding. 


Clocr has additionally caught the eye of Silicon Valley billionaire titan, Tim Draper, a member of the legendary Draper family, and a major investor in numerous disruptive technologies and companies such as Twitter, Robinhood, and Skype. 

Clocr is proud to be featured in Season 4 of Meet the Drapers, hosted by members of the Draper family.

Customers


We enable you to protect and pass on your digital legacy

Clocr has partnered with organizations such as the Female Advisor Network and Global Women for Wellbeing to offer services to their members. We are also in conversations with several law firms and financial planners to offer our services to their clients. 

We are offering our services directly to families or through their financial planners and estate lawyers. 

Clocr has received tremendous positive responses from financial planners and estate lawyers. We plan to expand to senior living, employee benefits, pre-paid legal services, etc. 

Check out a few of our Trustpilot reviews below:

Business model


We offer freemium and paid subscriptions and custom pricing for businesses

Direct to Consumer (B2C)

These are list prices, and we plan to offer heavy discounts during the first year to encourage adoption

Business to Business (B2B) 

Clocr offers custom pricing based on businesses' needs to ensure clients are not locked into a fixed-price model. We provide value-added services and increase customer engagement with channel partners. 

There are the industries we have received the most interest from, and we plan to expand to additional industries in the future

We estimate every customer will add around 3 beneficiaries to their portfolio, creating a natural fly-wheel of virality.

Market


A $300B opportunity 

There are 3.2B upper-middle class consumers around the world. Even at a $100 lifetime subscription fee, this makes the digital legacy planning industry more than a $300B opportunity. 

What do we know about this market:

  • Digital dependency is on the rise, and COVID-19 has further accelerated the adoption

  • Accelerated digital adoption poses a major challenge to digital estate planning, because people own several dozens of online accounts and many digital assets.

  • The pandemic has shown us how disaster and tragedy can strike at any time, so it has become all the more critical for families to begin thinking about how to protect and pass on their legacy for future generations and creating a legacy plan for digital assets 

Surge in estate planning

Awareness of estate planning has never been higher. COVID-19 has created an urgency for estate planning and an appetite to plan ahead. More people than ever are aware of the uncertainty of life and are preparing for the worse case scenario.

Competition


An all-inclusive solution

There are a few solutions in the market that offer one or two capabilities. However, our solution offers all-inclusive legacy planning features, patent-pending security, and a simple user interface. We offer many important features on a single platform to make it easy for you to protect your family in the long run.

Competitive landscape

Vision and strategy


Providing peace of mind

Our focus is providing the premier, all-in-one life planning solution and eliminating the need for multiple services. Until 2021, Clocr has been bootstrapped, and we built and released our 2.0 commercially-viable product. Our roadmap includes adding new service lines that will enhance our product offering, going through security certification, and growing our team. 

Our vision is to continue building our platform and utilize new technologies that ease the process of digital legacy planning. 

We are just getting started in modernizing this age-old industry, and we invite you to join us on our mission to protect families world-wide. 

Funding


Clocr has raised over $300k from private investors in 2021

This past year has been tremendous for us. We bootstrapped the company until last year, and released Clocr 2.0 in September 2020, pivoting from our digital vault service to an end-to-end digital legacy platform. Since this pivot, we've received amazing validation through pitch competitions, and have also garnered interest from angel investors and VCs. 

We raised a seed round to support our platform development and geographic expansion. Our upcoming plans include expanding our sales and marketing teams, increasing outreach to channel partners, building our brand on social media, and launching our services in the UK, Canada, and India.

Meet Shawn Carpenter, one of Clocr's seed investors

Shawn Carpenter is a seasoned and successful early-stage technology investor with 30+ successful placements, 7 exits, and zero failures thus far. 

Founders


A family-centric solution run by a family team that has your best interests at heart

Clocr was founded by a father-daughter team, Sree and Apoorva. The idea for Clocr was born after the death of Apoorva’s grandfather. As the eldest son, Sree was tasked with handling the estate. 

Apoorva and her grandfather, the inspiration and motivation behind Clocr and its mission to provide peace of mind to families world-wide. 

This wasn't easy, considering the emotional burden a death in the family can have and how disorganized all the paperwork was. Apoorva and Sree started Clocr to help families prepare in advance for such events and avoid the pain and frustration that they experienced.

A few words from the founders

Deal terms


Valuation cap

$8,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

15%

If a trigger event for Clocr occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Clocr is accepting.
Learn more

Funding goal

$25K – $1.07M

Clocr needs to raise $25K before the deadline. The maximum amount Clocr is willing to raise is $25K – $1.07M.
Learn more

Deadline
Clocr needs to reach their minimum funding goal before the deadline (). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Clocr Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Clocr Crowd SAFE Clocr Form C-A 06.17.2021.pdf Clocr Form C.pdf

About Clocr

Legal Name
Clocr Inc.
Founded
Nov 2018
Form
Delaware Corporation
Employees
0
Website
clocr.com
Social Media
Headquarters
Google Map location of of Clocr
10101 Dianella Lane , Austin, TX
Headquarters
10101 Dianella Lane, Austin, TX, United States 78759

Clocr Team
Everyone helping build Clocr, not limited to employees

Profile picture of Apoorva Chintala
Apoorva Chintala
CEO, Co-Founder
1/2 of the leading force behind Clocr and a student at the University of Texas at Austin
Profile picture of Sree Chintala
Sree Chintala
Chief Technology Advisor, Co-founder
Serial entrepreneur with 25+ years of award-winning career and an undying passion for innovation.
Profile picture of Rob Schultz
Rob Schultz
Advisor (Financial planning)
Profile picture of Jeffrey Robinson
Jeffrey Robinson
Business Development
Profile picture of Fara Gold
Fara Gold
Advisor (Senior living)
Profile picture of Natalie Markoff
Natalie Markoff
Business Development
Profile picture of Fern Pessin
Fern Pessin
Advisor (Senior living)
Profile picture of Thomas Barber
Thomas Barber
Advisor (Financial planning)
Profile picture of Ari Brojde
Ari Brojde
Advisor (Estate law)
Profile picture of Mark Schoen
Mark Schoen
Business Development
Profile picture of Rajiv Nekkanti
Rajiv Nekkanti
Chief Architect
Profile picture of Len Crosson
Len Crosson
Business Development
Profile picture of Praveen Chakka
Praveen Chakka
Senior Developer
Profile picture of Ajay G.
Ajay G.
Developer
Profile picture of Bryan Oldham
Bryan Oldham
Marketing
13 more team members
Apoorva Chintala
CEO, Co-Founder
Rob Schultz
Advisor (Financial planning)
Jeffrey Robinson
Business Development
Sree Chintala
Chief Technology Advisor, Co-founder
Fara Gold
Advisor (Senior living)
Natalie Markoff
Business Development
Fern Pessin
Advisor (Senior living)
Thomas Barber
Advisor (Financial planning)
Ari Brojde
Advisor (Estate law)
Mark Schoen
Business Development
Rajiv Nekkanti
Chief Architect
Len Crosson
Business Development
Praveen Chakka
Senior Developer
Ajay G.
Developer
Bryan Oldham
Marketing

Press

HKEC's Founder Stories | Apoorva Chintala, Clocr Inc.
Medium Medium
·
Feb 9, 2021

It may not come as a surprise, but The University of Texas at Austin campus is teeming with entrepreneurial activity. Bet...

DisrupTexas Undergraduate Pitch Competition 2020 Recap
Medium Medium
·
Nov 12, 2020

On Saturday, November 7th, 2020, 16 undergraduate teams competed in DisrupTexas, the fifth annual "Shark Tank"-style pitc...

Clocr Wins Austin Fast Start: STEM Pitch Competition
AYC: Austin Young Chamber AYC: Austin Young Chamber
·
Sep 29, 2020

AUSTIN, Texas - The Austin Young Chamber, in partnership with the City of Austin's Economic Development Department, congr...

Clocr is a Tool to Make Planning Your Digital Estate Easy
Entrepreneur Entrepreneur
·
May 30, 2020

Let the business resources in our guide inspire you and help you achieve your goals in 2021. Disclosure: Our goal is to f...

Regional Winner of the Largest worldwide startup competit...
Medium Medium
·
Nov 28, 2019

SoGal Foundation is one the largest global platform aimed to enlighten, encourage and empower budding entrepreneurs and i...

Organizing Digital Assets-A Life And Death Matter
Forbes Forbes

Managing digital assets in life-and protecting them after you're gone-is increasingly complex, and a growing number of pr...

Plan your digital estate for just $150
TechConnect TechConnect

It may sound a bit strange, but estate planning used to be a relatively simple and straightforward process. All of one's ...

Clocr, Inc. made to the finalists of TiE50 Awards at TiEC...
TiE Austin | The World's Largest Entrepreneurial Organization TiE Austin | The World's Largest Entrepreneurial Organization

We all own dozens of online accounts and we conduct online transactions every day. "If something were to happen to you, a...

Show all
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Clocr

Clocr successfully raised $539,499 from 1259 investors on October 2, 2021
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Brian, Jeremy Joe, Greta, Gregory L, Aldrien, and 1254 others invested. 157 Reviews

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