PanelTek ADU
Early Stage
Housing Meets Tech
Overview
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
Valuation Cap
$10,000,000
Discount
8%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/29/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$268
# of Investors
60
Momentum
Not Funded
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Year Founded
2022
Industry
Real Estate & Construction
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
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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