Pendram
Early Stage
Invest in an Entire Portfolio of Breakthrough High Tech Smart Storage Products!
Overview
Raised: $76,400
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/12/2020
Close Date
07/03/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$9,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$290
# of Investors
35
Momentum
Funded
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Year Founded
2015
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Pendram, with a $9 million valuation cap, is raising crowdfunding on Wefunder. The company uses a smart proprietary patent-pending technology, called Intellisphere IAC, for smart storage. The technology provides precise storage conditions with flexible control to protect and preserve perishables. Pendram was founded by Mary June Makoul and Jon Siann in 2015 and has raised more than $310,000 since its founding. The current crowdfunding campaign of the company has a minimum raise of $50,000 and a maximum raise of $250,000, and the funds will be used for web marketing, targeted social media campaigns, engineering, and moving to full production. The flagship product of Pendram, Smart-Lid, was chosen as Tommy Chong favorite for 2020 with strong demand.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1 |
$0 |
|
COGS |
$24 |
$0 |
|
Tax |
$1,949 |
$800 |
| ||
| ||
|
Net Income |
$-165,636 |
$-44,330 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$114,700 |
$2,634 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$114,700 |
$2,634 |
|
Short-Term Debt |
$2,400 |
$1,600 |
|
Long-Term Debt |
$246,000 |
$0 |
|
Total Liabilities |
$248,400 |
$1,600 |
Financials as of: 10/12/2020
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