PeduL

PeduL

Closed: Feb. 2025

About this raise

PeduL, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a platform to recruit young talent. PeduL uses AI and partners with influencers to promote job opportunities and convert viewers into job candidates. The platform also vets the thousands of applications to deliver top young talent to employers across the country. PeduL is the official partner of the New Jersey Devils and has notable clients, including Amazon, Audible, Ticketmaster, Paramount, Live Nation, and Prudential. Chisa Egbelu founded PeduL in June 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, sales efforts, and product development.

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Investment Overview

Invested this round: $94,300

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
04/01/2024
Close Date
02/05/2025
Min. Goal
$50,000
Max Goal
$124,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$8,000,000

Valuation Cap

$10,000,000

Discount

0%

Company & Team

Company

Year Founded
2016
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Newark, New Jersey
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Chisa Egbelu
Title
CEO
Founder Name
Vivek Pandit
Title
Chief Innovation Officer
Founder Name
Sayyid Ali
Title
CTO

Financials

as of Fiscal Year 2023
 Revenue -73.8% YoY
$115,000
 Monthly Burn
$300
 Runway
24+ months
Gross Margin
91%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$115,000

$440,000

COGS

$10,000

$110,000

Tax

$9,000

$32,000

 

 

Net Income

$-15,000

$-5,000

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,872

$20,022

Accounts Receivable

$12,000

$100,000

Total Assets

$424,833

$389,833

Short-Term Debt

$70,000

$35,000

Long-Term Debt

$0

$0

Total Liabilities

$70,000

$35,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$593,333
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/05/2025 Wefunder $10,000,000 $94,300 SAFE Funded RegCF
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Add to portfolio
PeduL on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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

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