KulaCrate

KulaCrate

Closed: Sep. 2020

About this raise

KulaCrate, with a post-money valuation of $2.79 million, is raising funds on NetCapital. The social crowdfunding platform of KulaCrate connects teachers with the classroom resources they need and makes it easier for them to fund, purchase, and distribute the resources. KulaCrate was founded by Vaughan Dugan, Shawn Rudnick, and Everett Eaton. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $107,000, and the funds will be used towards marketing, school supplies, and operating expenses. KulaCrate has a live website that the teachers access and create their supply list on. The parents, friends, and family can also access the page the donate funds for the required supplies.

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Investment Overview

Invested this round: $12,479

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
02/14/2020
Close Date
09/29/2020
Min. Goal
$10,001
Max Goal
$106,875
Min. Investment

$99

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.25

Pre-Money Valuation

$2,800,000

Company & Team

Company

Year Founded
2016
Industry
Education, Training, & Coaching
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
Location
Boca Raton,
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Founder Name
Karl Alterman
Title
Partner
Founder Name
Vaughan Dugan
Title
CEO
Founder Name
Shawn Rudnick
Title
Co-Founder

Financials

 Revenue
$110
 Monthly Burn
$9,090
 Runway
0.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$110

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-109,081

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$837

$0

Accounts Receivable

$0

$0

Total Assets

$9,994

$0

Short-Term Debt

$107,222

$0

Long-Term Debt

$0

$0

Total Liabilities

$107,222

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/29/2020 Netcapital $2,800,000 $12,479 Equity - Common Funded RegCF
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Add to portfolio
KulaCrate on Netcapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $2,800,000
Price per Share: $2.25

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