Early Stage

Self-serve paddle sport rentals

Self-serve paddle sport rentals


Raised this Round: Raised: $311,103

Total Commitments ($USD)



Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Equity - Preferred



SEC Filing Type

RegCF    Open SEC Filing

Price Per Share


Early Bird Valuation


Pre-Money Valuation


Year Founded



Consumer Products, Goods & Services

Tech Sector


Distribution Model




Capital Intensity



Key Biscayne, Florida

Business Type


PADL, with a valuation of $25 million, is raising funds on Wefunder. 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. PADL is currently operating in 21 locations and plans to reach over 750 in the next 18 months. Andres Avello, Khalil Khouri, and Felipe Jauregui founded PADL in 2017. The current crowdfunding campaign has a minimum target of $49,999 and a maximum target of $4,999,998. The campaign proceeds will be used for marketing the sale of stations to B2B partners, development of key features for B2B software, R&D, and growth of stations.

Summary Profit and Loss Statement

Most Recent Year Prior Year












Net Income



Summary Balance Sheet

Most Recent Year Prior Year




Accounts Receivable



Total Assets



Short-Term Debt



Long-Term Debt



Total Liabilities



Financials as of: 11/30/2021
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
PADL 08/26/2022 Wefunder $24,970,000 $311,103 Equity - Preferred Funded RegCF
PADL 02/18/2021 SeedInvest $5,000,000 $460,051 Convertible Note Funded RegCF / RegD 506(c)
Create a free account today to gain access to KingsCrowd analytics.

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.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)


$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.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
PADL on Wefunder 2021
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $24,970,000
Price per Share: $2.27

Follow company

Follow PADL on Wefunder 2021

Buy PADL's Deal Report

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

PADL Deal Report

Get KingsCrowd’s comprehensive report on PADL including:

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

Buy the PADL deal report for only $10!

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