DoorBox

DoorBox

Early Stage

Helping people secure, millions of deliveries daily

Helping people secure, millions of deliveries daily

Overview

Raised to Date: Raised: $97,541

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/26/2022

Close Date

03/09/2023

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

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$9,000,000

Valuation Cap

$12,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2023

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

$434

# of Investors

66

Momentum
Funded
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Year Founded

2017

Industry

Security, Cybersecurity, & Defense

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Reno, Nevada

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$83,929

$75,231

COGS

$104,435

$75,133

Tax

$0

$0

 

 

Net Income

$-115,852

$-129,432

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$87,731

$89,088

Accounts Receivable

$0

$1,877

Total Assets

$170,889

$219,147

Short-Term Debt

$0

$0

Long-Term Debt

$416,173

$348,579

Total Liabilities

$416,173

$348,579

Financials as of: 07/26/2022
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DoorBox on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000

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