Light
About this raise
Light, with a valuation of $12 million, is raising funds on Republic. The company has developed a light phone that is designed to be used as little as possible. Light is being marketed as a second phone that encourages people to leave their smartphones behind from time to time and enjoy the people and activities around them. The phone uses the existing phone number but works independently of the current phone plan with its own SIM and the proprietary Light cloud platform. Joe Hollier and Kaiwei Tang founded Light in February 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $428,000. The campaign proceeds will be used for research and development, manufacturing materials, software development, logistics, and general working capital.
Investment Overview
Invested : $156,439
Deal Terms
- Platform
- Republic
- Start Date
- 08/24/2017
- Close Date
- 09/21/2017
$25,000
$428,000
$100
SAFE
RegCF
$12,000,000
20%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Location
- Brooklyn, New York
- Company Website
-
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Team
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Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/21/2017 | Republic | $12,000,000 | $156,439 | SAFE | Funded | RegCF |