kulaBrands

kulaBrands

Closed: Apr. 2020

About this raise

kulaBrands, a company with a community-based business model, is raising funds on TruCrowd. The company has a pre-money valuation of $28.1 million and supports entrepreneurs by providing them with ready-made funding, sales, and branding. The community members of kulaBrands vote on projects and decide which one they would like to fund. Pursuant to the determination of projects, the community members work on providing the three basic elements for the projects. kulaBrands was founded by Peter Gantner and Yaan Gulledge. The current round of crowdfunding has a minimum target of $40,000 and a maximum target of $535,000, and the proceeds will be used for research & development, sales and marketing, operations, and software. Presently, the kulaBrands community backs 42 brands and has a 100% track-record with reward-based crowdfunding. The company has already raised more than $2 million for its 40 projects.

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Investment Overview

Invested this round: $142,274

Deal Terms

Total Commitments ($USD)

Platform
truCrowd
Start Date
08/05/2019
Close Date
04/30/2020
Min. Goal
$40,014
Max Goal
$534,974
Min. Investment

$228

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$28.50

Pre-Money Valuation

$17,507,365

Company & Team

Company

Year Founded
2016
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Fountain Hills, Arizona
Business Type
Growth
Company Website
Visit Website

Team

Employees
19
Founder Name
Peter Gantner
Title
CEO

Financials

 Revenue
$1,258,601
 Monthly Burn
$4,281
 Runway
22.2 months
Gross Margin
8%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,258,601

$854,134

COGS

$1,158,882

$669,388

Tax

$0

$0

 

 

Net Income

$-51,374

$40,862

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$94,864

$478,469

Accounts Receivable

$310,673

$185,992

Total Assets

$438,827

$272,363

Short-Term Debt

$21,206

$16,077

Long-Term Debt

$0

$0

Total Liabilities

$21,206

$16,077

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2020 truCrowd $17,507,365 $142,274 Equity - Common Funded RegCF
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Add to portfolio
kulaBrands on TruCrowd
Platform: truCrowd
Security Type: Equity - Common
Valuation: $17,507,365
Price per Share: $28.50

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

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