Bluon

Bluon

Growth Stage

You Asked, We Delivered

You Asked, We Delivered

Overview

Raised to Date: Raised: $331,059

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/27/2023

Close Date

08/06/2023

Min. Goal
$250,005
Max. Goal
$4,999,991
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$18.48

Pre-Money Valuation

$107,556,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/31/2023

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

$8,276

# of Investors

502

Momentum
Funded
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Year Founded

2019

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

IRVINE, California

Business Type

High Growth

Bluon, with a valuation of $107.6 million, is raising funds on Wefunder. The platform connects HVAC technicians and contractors with their local distributors. It enables technicians and contractors to efficiently procure parts and materials from local distributors. Bluon has 170,000 technicians enrolled and 2,300 HVAC distributors on the network, growing by over 125 per month. Peter Capuciati founded Bluon in March 2019. The current crowdfunding campaign has a minimum target of $250,005 and a maximum target of $4.9 million. The campaign proceeds will be used for the development and support of the Bluon app and platform and sales and marketing.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$11,203,849

$6,378,240

COGS

$6,193,337

$4,000,596

Tax

$0

$0

 

 

Net Income

$-17,912,513

$-8,675,951

Summary Balance Sheet

FY 2022 FY 2021

Cash

$3,043,971

$11,344,409

Accounts Receivable

$916,554

$981,903

Total Assets

$10,460,599

$20,770,848

Short-Term Debt

$1,623,291

$3,666,790

Long-Term Debt

$9,285,733

$2,774,488

Total Liabilities

$10,909,024

$6,441,278

Financials as of: 06/27/2023
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Bluon on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $107,556,000
Price per Share: $18.48

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