Kettle

Growth Stage

The hybrid work platform building a more human workplace

Analytics

Raised to Date: Raised: $0

Aggregate Commitments $

Platform

Wefunder

Start Date

06/17/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$809,000

Min. Investment

$250

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Series A

Price Per Share

$0.22

Pre-Money Valuation

$9,132,596

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

309

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
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Location

New York, New York

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

Kettle, with a valuation of $9.13 million, is raising funds on Wefunder. The company has created a hybrid work platform humanizing the workplace. The platform provides teams with tools for self-organization and enables them to orchestrate when, where, and how to work together. Kettle is led by an experienced team and has $250,000 ARR since its launch in Q4 2021. Nick Iovacchini, Ryan Donohue, and Dan Rosenzweig founded Kettle in July 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $809,000. The campaign proceeds will be used for customer success, personnel, business development, marketing and sales, and product development.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$277,107

$821,966

COGS

$176,970

$744,376

Tax

$0

$0

 

 

Net Income

$-1,961,193

$-1,393,306

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$559,960

$324,449

Accounts Receivable

$22,108

$238,623

Total Assets

$599,632

$574,942

Short-Term Debt

$430,555

$368,546

Long-Term Debt

$350,625

$606,751

Total Liabilities

$781,180

$975,297

Financials as of: 06/17/2022
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Kettle on Wefunder 2022
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $9,132,596

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