FluentPet

Growth Stage

Your dog has a lot to say—our technology gives them a voice

Analytics

Raised to Date: Raised: $438,168

Aggregate Commitments $

Platform

Republic

Start Date

10/05/2021

Close Date

12/31/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$16,000,000

Rolling Commitments $

Status

Active

Reporting Date

10/17/2021

Days Remaining

75

% of Min. Goal

1,753%

% of Max. Goal

41%

Likelihood of Max
extremely
Avg. Daily Raise

$36,514

Momentum
warm
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Location

San Diego, California

Industry

Pet Health, Food, and Services

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

FluentPet, with a valuation of $16 million, is raising funds on Republic. The company has developed sound buttons that act as catalysts for communication with pets. The FluentPet system is made up of recordable sound buttons and connecting HexTiles that help cats, dogs, and other pets to express themselves and be understood by humans. FluentPet has remained solidly profitable for the first quarter of 2021, with over $3.3 million trailing twelve months revenue as of June 2021. Leo Trottier founded FluentPet in September 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,300,000

$10,284

COGS

$934,877

$12,592

Tax

$0

$0

 

 

Net Income

$185,237

$-316,460

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$406,230

$1,207

Accounts Receivable

$0

$0

Total Assets

$637,767

$59,654

Short-Term Debt

$841,490

$920,360

Long-Term Debt

$1,023,292

$762,546

Total Liabilities

$1,864,782

$1,682,906

Financials as of: 10/05/2021
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FluentPet on Republic 2021
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Platform: Republic
Security Type: Equity - Preferred
Valuation: $16,000,000

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