PanelTek ADU

PanelTek ADU

Early Stage

Housing Meets Tech

Housing Meets Tech

Overview

Raised this Round: Raised: $71,701

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/04/2022

Close Date

04/30/2023

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

8%

Year Founded

2022

Industry

Real Estate & Construction

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Seaside, California

Business Type

Growth

PanelTek ADU, with a valuation of $10 million, is raising funds on Wefunder. The company makes easy-to-assemble lightweight panels that can build houses in one day. The panels of PanelTek ADU are durable, energy efficient, soundproof, low maintenance, hypoallergenic, recyclable, and strong. PanelTek ADU makes housing meet technology and has a massive market. Kurt Overmeyer, Rick Cartell, and Beth Cartell founded PanelTek ADU in May 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing and branding, salaries and commissions, research and development, and certifications and approvals.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-5,029

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$5,029

$0

Long-Term Debt

$0

$0

Total Liabilities

$5,029

$0

Financials as of: 08/04/2022
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PanelTek ADU on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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