DropKey

Early Stage

World's #1 Best-Selling Hollywood Pop-up Studio w/DropKey--the Be Anywhere App!

Analytics

Raised to Date: Raised: $141,500

Aggregate Commitments $

Platform

Wefunder

Start Date

09/20/2021

Close Date

05/01/2022

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$11,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

147

% of Min. Goal

283%

% of Max. Goal

13%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,862

Momentum
cold.svg
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Location

Los Angeles, California

Industry

Media, Entertainment & Publishing

Tech Sector

CommerceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

DropKey, with a valuation of $11 million, is raising funds on Wefunder. The SaaS company has developed the world’s best-selling portable content creation ecosystem, MediaBook. The system and DropKey, the Be Anywhere app, helps amateurs to create professional background replacements at homes or offices and promote their business. DropKey costs $599 and generated over 800 orders and organic MRR during its beta launch. Rockwell Scharer founded DropKey in September 2016. 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 marketing, developing platforms, completing new product prototypes, and hiring a full-time team.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-9,311

$-27,430

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$11,861

$3,142

Accounts Receivable

$0

$0

Total Assets

$11,861

$3,142

Short-Term Debt

$40,682

$22,802

Long-Term Debt

$109,601

$109,451

Total Liabilities

$150,283

$132,253

Financials as of: 09/20/2021
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DropKey on Wefunder 2021
$
Platform: Wefunder
Security Type: SAFE
Valuation: $11,000,000

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