KinectAir (2020)
About this raise
KinectAir, with a pre-money valuation of $6 million, is raising crowdfunding on Wefunder. The company provides accessible air travel experiences through its efficient and right-sized aircraft. KinectAir has designed an intelligent software that meets the customer demand 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. KinectAir is led by Jonathan Evans and has raised over $230,000 since its inception. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000, and the funds will be used for marketing and brand development, general operating expenses, aviation operations, and regulatory certification. KinectAir is an excellent combination of a talented team, intelligent AI-driven software, joy, and accessibility.
Investment Overview
Invested : $352,064
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 06/10/2020
- Close Date
- 09/22/2020
$50,000
$1,000,000
$1,000
Equity - Common
Early Stage
RegCF
$0.04
$6,000,000
Company & Team
Company
- Year Founded
- 2020
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +100% YoY
- $3,080
- Monthly Burn
- $12,158
-
Runway
- 0.1 months
- Gross Margin
- 59%
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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 |
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
Founder Interview
KinectAir Founder Jonathan Evans on The Future of Flying
Airplane flights are possibly one of the least environmentally-friendly ways to travel. And as our economy continues to become more global, the number of people who regularly take flights is only going to increase. Additionally, not all airlines have handled the current pandemic well at all. Some airline companies have returned to selling all seats in a plane, while others continue to keep middle seats empty for the time being.KinectAir has a very different vision for airlines flights. The company offers point-to-point charter flights as well as dynamic group flights. KinectAir utilizes AI software to enable intelligent flight booking for customers who use its app. We sat down with founder Jonathan Evans to discuss the future of flight and how KinectAir fits into that future.
Note: This interview was conducted over email. It has been lightly edited for clarity and length.