HyperKelp

HyperKelp

Early Stage

The Oceanic Mega-Constellation

The Oceanic Mega-Constellation

Overview

Raised to Date: Raised: $45,000

Total Commitments ($USD)

Platform

Spaced Ventures

Start Date

12/12/2022

Close Date

04/29/2023

Min. Goal
$25,000
Max. Goal
$400,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2023

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

$326

# of Investors

41

Momentum
Funded
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Year Founded

2021

Industry

Business Services, Software, & Applications

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Encinitas, California

Business Type

Growth

HyperKelp with a valuation of $10 million, is raising funds on Spaced Ventures. The company has developed ocean surface level constellation of floating sensors persistently gathering data, allowing for more reliable climate and defense predictions. HyperKelp delivers ocean data as a service by deploying sensor-agnostic, hosted payload platforms for maritime awareness. Dr. Graeme Rae and Costas Soler founded HyperKelp in 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $400,000. The campaign proceeds will be used to hire signal processing/data engineer, acquire inventory, general operational cost including partial coverage of officer salariesmarketing, R&D, feature improvements, salaries, cost of goods sold, and SG&A.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$13,683

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-92,617

$0

Summary Balance Sheet

FY 2021 FY 2020

Cash

$103,682

$0

Accounts Receivable

$0

$0

Total Assets

$115,482

$0

Short-Term Debt

$86,247

$0

Long-Term Debt

$0

$0

Total Liabilities

$86,247

$0

Financials as of: 12/12/2022
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HyperKelp on Spaced Ventures 2022
Platform: Spaced Ventures
Security Type: SAFE
Valuation: $10,000,000

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

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