DoorBox

DoorBox

Closed: Mar. 2023

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.

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Investment Overview

Invested this round: $97,541

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
07/27/2022
Close Date
03/09/2023
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$9,000,000

Valuation Cap

$12,000,000

Discount

0%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Kumar Sundaresan
Title
President

Financials

 Revenue +12% YoY
$83,929
 Monthly Burn
$9,654
 Runway
9.1 months

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

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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
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Add to portfolio
DoorBox on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000

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

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