Kitchenery
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.
Investment Overview
Invested : $179,718
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 02/06/2023
- Close Date
- 09/01/2023
$50,000
$1,235,000
$100
SAFE
Early Stage
RegCF
$8,000,000
$9,000,000
10%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2022
- Monthly Burn
-
$7,361
as of FY2022
-
Runway
-
5.6 months
as of FY2022
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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 |