[Closed for Investment] PADL, with a valuation cap of $5 million, is raising crowdfunding on SeedInvest. The company combines technology and paddle sports with its paddle share systems. It offers self-service paddle sport rentals that allow users to rent paddleboards using their mobile phones. Andres Avello, Khalil Khouri, and Felipe Jauregui founded PADL in 2017 and have raised over $190,000 in previous rounds of financing. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used for PADL stations, sales and marketing, research and development, and general and administrative expenses. PADL is launched in seven locations and has reported over 4,000 hours paddled across 700 miles. The platform has more than 1,800 total users, with over 1,000 non-member rentals and 190 subscription users.
Investment Overview
$460,051 - Total
Deal Terms
Total Commitments ($USD)
- Platform
- SeedInvest
- Start Date
- 12/14/2020
- Close Date
- 02/19/2021
$25,000
$1,070,000
$1,000
Convertible Note
Seed
RegCF
/ RegD 506(c)
$5,000,000
20%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
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Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.