[Closed for Investment] 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.
Investment Overview
Raised: $311,103
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 12/01/2021
- Close Date
- 08/27/2022
$49,999
$4,999,998
$100
Equity - Preferred
Seed
RegCF
$2.27
$20,020,000
$24,970,000
Company & Team
Company
- Year Founded
- 2017
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $24,498
- Monthly Burn
- $1,861
-
Runway
- 2.8 months
- Gross Margin
- 71%
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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.