Konnected
Growth Stage
Smart Home Connectivity for Wired Alarm Systems
Analytics
Raised: $1,034,770
Aggregate Commitments $
Platform
StartEngine
Start Date
01/25/2022
Close Date
04/25/2022
Min. Goal
$9,999
Max. Goal
$1,070,000
Min. Investment
$195
Security Type
Equity - Common
Funding Type
RegCF
Series
Pre-Seed
Price Per Share
$1.50
Pre-Money Valuation
$6,900,000
Rolling Commitments $
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
10,349%
% of Max. Goal
97%
Likelihood of Max
Funded
Avg. Daily Raise
$11,497
Momentum
Funded
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Location
Orlando, Florida
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Konnected, with a valuation of $6.9 million, is raising funds on StartEngine. The company has developed a system to help people take control of their homes’ wired alarm systems. The Konnected Alarm Panel is an IoT device that can be connected to modern smart home apps and helps control and monitor homes from anywhere. Konnected has already earned $3.5 million in total revenues, with revenues exceeding $1 million in 2020 alone. Nate Clark founded Konnected in September 2017. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1,069,999.50. The campaign proceeds will be used to expand the market share.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,090,005 |
$777,731 |
|
COGS |
$231,617 |
$215,714 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$186,751 |
$-117,414 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$146,295 |
$129,632 |
|
Accounts Receivable |
$1,782 |
$163 |
|
Total Assets |
$401,155 |
$157,212 |
|
Short-Term Debt |
$225,211 |
$194,820 |
|
Long-Term Debt |
$18,500 |
$0 |
|
Total Liabilities |
$243,711 |
$194,820 |
Financials as of: 01/25/2022
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