BLAZnTECH

BLAZnTECH

Closed: Dec. 2017

About this raise

BLAZnTECH, with a valuation of $10 million, is raising funds on Wefunder. The company has created the world’s first and only motorized weapons cleaning system. BLAZnTECH generates revenue from the sale of its MWCS kit boxes and the sale of its proprietary consumables, including nylon brushes, cotton brush socks, and weapons high-value CLP gel. The business has currently sold over 1,000 kit boxes in ten countries and aims to grow further. Benjamin Bondar founded BLAZnTECH in November 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used to produce more MWCS kits, lower the cost of production, continue additional product development, and hire more employees.

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Investment Overview

Invested this round: $68,706

Deal Terms

Platform
Wefunder
Start Date
01/25/2017
Close Date
12/28/2017
Min. Goal
$50,000
Max Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Company & Team

Company

Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Location
Res Triangle Park, North Carolina
Company Website
Visit Website

Team

Funding data not publicly available

Financials

as of Fiscal Year 2016
 Revenue
$0
 Cash on Hand
$100

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2016 FY 2015

Cash

$100

$0

Accounts Receivable

$0

$0

Total Assets

$100

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/28/2017 Wefunder $10,000,000 $68,706 SAFE Funded RegCF
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Add to portfolio
BLAZnTECH on Wefunder 2017
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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

BLAZnTECH Deal Report

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