Kitchenery

Kitchenery

Closed: Aug. 2023

About this raise

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.

Expand

Investment Overview

Invested this round: $179,718

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
02/06/2023
Close Date
09/01/2023
Min. Goal
$50,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$8,000,000

Valuation Cap

$9,000,000

Discount

10%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Akshay Bhuva
Title
CEO
Founder Name
Antonio Agustin
Title
CTO

Financials

 Revenue
$0
as of FY2022
 Monthly Burn
$7,361
as of FY2022
 Runway
5.6 months
as of FY2022

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

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /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

Company Funding & Growth

Funding history

Total Prior Capital Raised
$120,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/01/2023 Wefunder $9,000,000 $179,718 SAFE Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
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