Light

Light

Early Stage

Phone designed to be used as little as possible

Phone designed to be used as little as possible

Overview

Raised this Round: Raised: $156,439

Platform

Republic

Start Date

08/23/2017

Close Date

09/21/2017

Min. Goal
$25,000
Max. Goal
$428,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$12,000,000

Discount

20%

Year Founded

2015

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Location

Brooklyn, New York

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.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$1,809

$1,859

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,475,096

$-660,795

Summary Balance Sheet

FY 2016 FY 2015

Cash

$141,418

$66,425

Accounts Receivable

$0

$0

Total Assets

$722,218

$66,425

Short-Term Debt

$94,439

$10,000

Long-Term Debt

$3,015,000

$300,000

Total Liabilities

$3,109,439

$310,000

Financials as of: 08/23/2017
Create a free account today to gain access to KingsCrowd analytics.

Funding data not publicly available

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Light on Republic 2017
Platform: Republic
Security Type: SAFE
Valuation: $12,000,000

Follow company

Follow Light on Republic 2017

Buy Light's Deal Report

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

Light Deal Report

Get KingsCrowd’s comprehensive report on Light including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Light is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Light deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge