Kettle
Growth Stage
The hybrid work platform building a more human workplace
Overview
$529,949 - RegCF
$1,720,949 - Total
$1,720,949 - Total
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/16/2022
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)
Price Per Share
$0.22
Pre-Money Valuation
$9,132,596
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2022
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
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Year Founded
2016
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
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: 06/16/2022
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