Kitchenery

Kitchenery

Early Stage

Smart Kitchen Counters and Cordless Appliances

Smart Kitchen Counters and Cordless Appliances

Overview

Raised to Date: Raised: $179,718

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/05/2023

Close Date

09/01/2023

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$8,000,000

Valuation Cap

$9,000,000

Discount

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2023

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

$868

# of Investors

140

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

2021

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Tampa, Florida

Business Type

Growth

Kitchenery, with a valuation of $9 million, is raising funds on Wefunder. The company uses its provisional patented technology to make smart kitchen counters and cordless appliances. Kitchenery’s wireless power receiver and transmitter technology eliminates the need for power cords in kitchen appliances and gives users an efficient way to use their kitchen cabinet space and kitchen countertop. Kitchenery is backed by large technology conglomerates and plans to begin production in the fourth quarter of 2024. Akshay Bhuva and Agustin Mendez founded Kitchenery in November 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for functional product development activities, marketing and website optimization, technology certification activities, and operational costs.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-88,330

$-31,556

Summary Balance Sheet

FY 2022 FY 2021

Cash

$41,222

$1,967

Accounts Receivable

$0

$0

Total Assets

$45,716

$1,967

Short-Term Debt

$41,193

$33,443

Long-Term Debt

$104,329

$0

Total Liabilities

$145,522

$33,443

Financials as of: 02/05/2023
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge 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.
Add to portfolio
Kitchenery on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $9,000,000

Follow company

Follow Kitchenery on Wefunder 2023

Buy Kitchenery's Deal Report

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

Kitchenery Deal Report

Get KingsCrowd’s comprehensive report on Kitchenery including:

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

Buy the Kitchenery deal report for only $10!

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