About this raise
FenSens, the smart wireless sensor technology company, is raising on MicroVentures. The company has a valuation cap of $7 million. FenSens is bringing new car technologies to all vehicles, irrespective of their age. Its flagship product, FenSens Wireless Parking Sensor, helps the vehicles to detect objects in front or behind them. The device has obtained a US patent for its design. The company was founded in 2015 was Andy Karuza and Nik Talreja. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $107,000. FenSens was profitable in 2018, with $97,700 in net income and revenues grew by 32.3% to $744,700.
Investment Overview
Invested : $43,183
Deal Terms
Total Commitments
- Platform
- Microventures
- Start Date
- 02/08/2019
- Close Date
- 04/08/2019
$25,000
$107,000
$100
Convertible Note
Early Stage
RegCF
$7,000,000
0%
Company & Team
Company
- Year Founded
- 2016
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Capital Intensity
- Location
- Bellingham, Washington
- Company Website
-
Visit Website
Team
- Employees
- 6
Financials
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