Konnected

Growth Stage

Smart Home Connectivity for Wired Alarm Systems

Analytics

Raised to Date: 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

Business Type

Growth

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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Konnected on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $6,900,000

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