KinectAir

About this raise

KinectAir, with a valuation of $23 million, is raising funds on Wefunder. The company provides accessible air travel experiences through its efficient and right-sized aircraft. KinectAir has designed intelligent software that meets the customer demand in real-time and creates a booking to the actual need. The products of KinectAir include go-anywhere point-to-point charter, group flights for eight people, and turboprops with up to 80 seats. Jonathan Evans, Philip Benjamin Howard, and Daniel Gizzi founded KinectAir in April 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5,000,000. The campaign proceeds will be used for marketing, software, operations certification, community development, and aircraft supply development.

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Investment Overview

Invested this round: $93,004

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
02/17/2022
Close Date
04/30/2022
Min. Goal
$50,000
Max Goal
$5,000,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.11

Pre-Money Valuation

$23,000,791

Company & Team

Company

Year Founded
2020
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Vancouver, Washington
Business Type
Growth
Company Website
Visit Website

Team

Employees
14
Prior Founder Exits?
No
Founder Name
Jonathan Evans
Title
Chief Aviation Officer

Financials

 Revenue +1,460% YoY
$48,048
 Monthly Burn
$21,358
 Runway
3.8 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$48,048

$3,080

COGS

$56,579

$1,248

Tax

$2,372

$743

 

 

Net Income

$-256,290

$-144,453

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$81,971

$980

Accounts Receivable

$0

$0

Total Assets

$105,830

$4,045

Short-Term Debt

$29,190

$114,500

Long-Term Debt

$207,512

$31,890

Total Liabilities

$236,702

$146,390

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2022 Wefunder $23,000,791 $93,004 Equity - Preferred Funded RegCF
01/03/2022 Wefunder $12,998,606 $0 Equity - Preferred Not Funded RegCF
09/22/2020 Wefunder $6,000,000 $352,064 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
KinectAir on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $23,000,791
Price per Share: $0.11

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