DoorBox
About this raise
DoorBox, with a valuation of $12 million, is raising funds on Wefunder. The company has created a front porch robot to overcome porch piracy. The system is driven by artificial intelligence and machine learning algorithm and comes with automatic package detection and locking. DoorBox has a motion sensor, a high-resolution camera, Wi-Fi-enabled software, a GPS system, a digital keypad, two-way audio, and an anti-theft alarm to prevent package thefts. DoorBox is led by an experienced team and has twelve granted patents in the US, Europe, and Asia. Kumar Sundaresan founded DoorBox in September 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for refilling inventory, salaries, and social media marketing.
Investment Overview
Invested : $97,541
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 07/27/2022
- Close Date
- 03/09/2023
$50,000
$1,070,000
$100
SAFE
Early Stage
RegCF
$9,000,000
$12,000,000
0%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Security, Cybersecurity, & Defense
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $400,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/09/2023 | Wefunder | $12,000,000 | $97,541 | SAFE | Funded | RegCF |