kulaBrands

kulaBrands

Growth Stage

Own part of the kula movement

Own part of the kula movement

Overview

Raised this Round: Raised: $142,274

Total Commitments ($USD)

Platform

truCrowd

Start Date

08/04/2019

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

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

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.

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

Financials as of: 08/04/2019
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kulaBrands on TruCrowd
Platform: truCrowd
Security Type: Equity - Common
Valuation: $17,507,365
Price per Share: $28.50

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