Package
Early Stage
The Future of Luggage Tracking & Travel Security.
Overview
Raised: $68,953
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/03/2024
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$1,200,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$15,300,000
Valuation Cap
$17,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$594
# of Investors
46
Momentum
Funded
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Year Founded
2019
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Package, with a valuation of $17 million, is raising funds on Wefunder. The company is solving the problem of lost and stolen luggage with luggage tracking and travel security. Package has developed an advanced real-time luggage logistics, tracking, and security system for travelers and airlines and offers end-to-end security monitoring and insurance coverage. The security system, LuggageCam, locks into the luggage handle and turns any travel bag into a smart bag. Bryan Davis founded Package in May 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.2 million. The campaign proceeds will be used for operations, marketing, firmware engineering, software development, legal and accounting fees.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-299,215 |
$-25 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$299,215 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$299,215 |
$0 |
Financials as of: 01/03/2024
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