BARU

BARU

Early Stage

Resize furniture in Augmented Reality before buying

Resize furniture in Augmented Reality before buying

Overview

Raised to Date: Raised: $91,689

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/28/2020

Close Date

02/25/2021

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,500,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/27/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$435

# of Investors

65

Momentum
Funded
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Year Founded

2019

Industry

Consumer Products, Goods & Services

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Elyria, Ohio

Business Type

Growth

BARU, with a valuation cap of $5.5 million, is raising crowdfunding on Wefunder. The company sells custom furniture to the clients by personalizing it through their augmented reality app. The customers define their size specifications, which are translated into manufacturing instructions for woodworking robotics. BARU was founded by Tino Go and Kevin Rainbolt and has raised over $220,000 since its founding. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for sales and marketing, software development site upgrades, and admin expenses. BARU brings an innovative concept that makes customized shopping of furniture easier and more cost-effective.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,220

$0

COGS

$2,230

$0

Tax

$25

$0

 

 

Net Income

$-128,008

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$565

$0

Accounts Receivable

$242

$0

Total Assets

$2,492

$0

Short-Term Debt

$5,500

$0

Long-Term Debt

$0

$0

Total Liabilities

$5,500

$0

Financials as of: 07/28/2020
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BARU on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $5,500,000

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Warning: according to the close date for this deal, BARU may no longer be accepting investments.

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