Digital Dream Labs (2021)
About this raise
Digital Dream Labs, a consumer electronics company, is raising crowdfunding on Honeycomb. The platform of Digital Dream Labs makes STEM learning easy and interesting and introduces the topics to the kids in a fun way. The first product of Digital Dream Labs, Puzzlets, helps pre-readers to use toy puzzle pieces to control onscreen learning environments. Digital Dream Labs was founded by Jacob Hanchar in July 2012. The current crowdfunding round has a minimum raise of $100,000 and a maximum raise of $500,000, and the funds will be used to hire more engineers, improve the current products, and accelerate hardware design. Digital Dream Labs has been profitable since 2017. The company reported dramatic growth despite the pandemic, and the year-over-year revenue quadrupled from 2019 to 2020.
Investment Overview
Invested : $49,050
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 01/06/2021
- Close Date
- 05/11/2021
$25,000
$500,000
$100
Revenue Share
Seed
RegCF
1.80X
Company & Team
Company
- Year Founded
- 2020
- Industry
- Education, Training, & Coaching
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +42% YoY
- $595,469
- Monthly Burn
- Profitable
- Cash on Hand
- $559,229
- Gross Margin
- 100%
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