Kettle

Growth Stage

The hybrid work platform building a more human workplace

Overview

Raised to Date:
$529,949 - RegCF
$1,720,949 - Total

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/17/2022

Close Date

12/24/2022

Min. Goal
$50,000
Max. Goal
$809,000
Min. Investment

$250

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$0.22

Pre-Money Valuation

$9,132,596

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/31/2022

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

$2,789

# of Investors

143

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2016

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

New York, New York

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
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your own startup investment portfolio on KingsCrowd.

Track all of your startup investments in one place using our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Kettle on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $9,132,596
Price per Share: $0.22

Follow company

Follow Kettle on Wefunder 2022

Buy Kettle's Deal Report

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

Kettle Deal Report

Get KingsCrowd’s comprehensive report on Kettle including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Kettle is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Kettle deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge Pro