FireBot

FireBot

Early Stage

A Device to Detect & Stop Fires

A Device to Detect & Stop Fires

Overview

Raised to Date: Raised: $25,300

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/26/2018

Close Date

05/06/2018

Min. Goal
$9,900
Max. Goal
$107,000
Min. Investment

$110

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$110.00

Pre-Money Valuation

$2,200,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/30/2018

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

$372

# of Investors

53

Momentum
Funded
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Year Founded

2017

Industry

Consumer Products, Goods & Services

Tech Sector

Location

Lorton, Virginia

Who Should Be Interested:
Are you someone who cooks a lot? Or are you a natural clutz who might run a high risk of starting a kitchen fire (or know someone who is)? If you said yes, then investing in FireBot could be for you. Their device helps you react to, and control, stove top fires in a save, quick, and easy way.

The Company:
FireBot is here to save the kitchen-fire day! Their small, battery-powered device automatically activates in the case of a stove top fire and properly extinguishes it to prevent damage and injury. It attaches to the underside of your range hood and remains out of sight. Then, it waits until it reads an abnormally high temperature that signals an out-of-control stovetop fire before becoming activated. Once it goes, it sprays environmentally friendly, non-toxic, water-based fire suppressant to extinguish the fire, while also activating a warning alarm and sending a z-wave signal to turn off the electric or gas stove. FireBot is designed to pass UL-300A certification testing, meaning it can keep a four-burner stove top fire extinguished for a minimum of four minutes -- including even grease fires! The company is working on the device’s final components, and they have manufacturing facilities in place.

The Bottom Line:
While digital bots on our computer are great, they can’t help us with emergencies like kitchen fires. The FireBot is a different type of bot though -- and it can help. With ranges and cooktops accounting for 62% of home cooking fire incidents and $1.2B in property damage, FireBot is here to help put out the heat and keep you safe...one extinguished stove top fire at a time.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
FireBot 08/16/2018 StartEngine $2,300,000 $51,920 Equity - Common Funded RegCF
FireBot 05/05/2018 StartEngine $2,200,000 $25,300 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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FireBot on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $2,200,000
Price per Share: $110.00

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