Perimeter

Perimeter

[Closed for Investment] Perimeter, with a valuation of $15 million, is raising funds on Wefunder. The company has developed a disaster management platform for active collaboration and data-sharing among first responders. The real-time emergency management platform of Perimeter creates a single source where incident information is uploaded in real time. It empowers emergency managers to spend more time taking action and less time sharing information. Perimeter has been actively deployed for wildfires and floods and has been featured in Business Insider, Forbes, The Guardian, and The Wall Street Journal. Bailey Farren and Noah Wu founded Perimeter in July 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for hiring, marketing, and overhead expenses.

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Investment Overview

Raised this Round: Raised: $4,442,868

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
04/19/2023
Close Date
05/13/2023
Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

0%

Company & Team

Company

Year Founded
2019
Industry
Security, Cybersecurity, & Defense
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
BERKELEY, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Noah Wu
Title
CTO
Founder Name
Bailey Farren
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue
$22,294
 Monthly Burn
$64,293
 Runway
4.3 months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$22,294

$28,739

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-771,511

$-443,418

Summary Balance Sheet

FY 2022 FY 2021

Cash

$277,825

$522,194

Accounts Receivable

$0

$0

Total Assets

$278,196

$524,440

Short-Term Debt

$33,496

$8,229

Long-Term Debt

$0

$0

Total Liabilities

$33,496

$8,229

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,448,500
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/13/2023 Wefunder $15,000,000 $4,442,868 SAFE Funded RegCF
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Add to portfolio
Perimeter on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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

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