Package
About this raise
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.
Investment Overview
Invested : $68,953
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 01/04/2024
- Close Date
- 04/29/2024
$50,000
$1,200,000
$100
SAFE
Early Stage
RegCF
$15,300,000
$17,000,000
20%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
-
$0
as of FY2022
- Monthly Burn
-
$50,000
as of FY2022
-
Runway
-
1.4 months
as of
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,149,214
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2024 | Wefunder | $17,000,000 | $68,953 | SAFE | Funded | RegCF |