HyperKelp

Early Stage

The Oceanic Mega-Constellation

Overview

Raised to Date: Raised: $20,950

Total Commitments ($USD)

Platform

Spaced Ventures

Start Date

12/13/2022

Close Date

04/30/2023

Min. Goal

$25,000

Max. Goal

$400,000

Min. Investment

$250

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$10,000,000

Discount Rate

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

87

% of Min. Goal

84%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$411

# of Investors

14

Momentum
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Location

Encinitas, California

Industry

Business Services, Software, & Applications

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

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

Most Recent Year Prior Year

Revenue

$13,683

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-92,617

$0

Summary Balance Sheet

Most Recent Year Prior Year

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: 12/13/2022
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HyperKelp on Spaced Ventures 2022
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Platform: Spaced Ventures
Security Type: SAFE
Valuation: $10,000,000

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