This company is no longer in business. Investors can get details about any potential exits or failures here.
Kazoo
Early Stage
The premier SOS app to live stream video, alert loved ones, connect with 911 and more – with one tap
Overview
Raised: $224,591
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/10/2020
Close Date
05/31/2021
Min. Goal
$50,000
Max. Goal
$375,000
Min. Investment
$150
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$2,750,100
Valuation Cap
$3,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/06/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,306
# of Investors
401
Momentum
Funded
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Year Founded
2019
Industry
Consumer Products, Goods & Services
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Kazoo, with a $3 million valuation cap, is raising funds on WeFunder. The company has designed the world’s first SOS mobile app that helps to call 911, alert loved ones, live stream video, and pinpoint location with just one tap. Kazoo is using emergency services technology to take emergency services to a whole new level. Peter J Goodman founded Kazoo in April 2019 and has raised over $630,000 since its inception. The proceeds of the current round of crowdfunding, with a minimum goal of $50,000 and a maximum goal of $375,000, will be used towards product development, marketing, new hires, and operations. Kazoo is led by an experienced management team and an award-winning UI team and has already secured marketing partnerships with leading organizations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$2,643 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-130,226 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$10,306 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$328,219 |
$0 |
|
Short-Term Debt |
$106,410 |
$0 |
|
Long-Term Debt |
$335,940 |
$0 |
|
Total Liabilities |
$442,350 |
$0 |
Financials as of: 12/10/2020
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Kazoo | 04/28/2023 | Netcapital | $6,990,326 | $37,783 | Equity - Common | Funded | RegCF |
| Kazoo | 05/31/2021 | Wefunder | $3,000,000 | $224,591 | Convertible Note | Funded | RegCF |
| Kazoo | 06/12/2020 | Wefunder | $2,750,000 | $162,829 | Convertible Note | Funded | RegCF |
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