Powell Development Group

Powell Development Group

[Closed for Investment] Who Should Be Interested:
If you are someone who considers safe sex to be important, then Powell Development Group, Inc. could be the investment for you. They’ve created a new condom, the Galactic Cap, which increases pleasure….while decreasing unplanned pregnancies and STDs.

The Company:
Condoms are one of the most well-known tools for having safe sex, yet no one truly enjoys using them. Powell Development Group is here to change that. They’ve developed a patented new condom design that increases pleasure and intimacy while decreasing unsafe sex factors. Called the Galactic Cap, this condom fits safely and securely on the head of the penis, leaving the coronal ridge and shaft exposed for more skin-to-skin contact. They hope that a more enjoyable condom will lead to safer sex worldwide. So far, they’ve raised over $100,000 on Indiegogo in 2014 and sold out on their website multiple times, even with no marketing. Powell Development has partnered with the University of California, Long Beach Engineering Department, to research, develop and test the Galactic Cap, as well as to apply for National Institute of Health (NIH) and National Science Foundation (NSF) grants. They plan to bring pleasure back to safe sex...one intimate connection at a time.

The Bottom Line:
With Powell Development Group’s mission to increase safe sex, pleasure, and worldwide condom usage, they’re helping create a world where you can use a condom...while truly enjoying your intimacy, too.

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Investment Overview

Raised this Round: Raised: $163,742

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
01/23/2018
Close Date
01/22/2019
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$224

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.12

Pre-Money Valuation

$3,001,600

Company & Team

Company

Year Founded
2013
Industry
Consumer Products, Goods & Services
Tech Sector
Location
Torrance, California
Company Website
Visit Website

Team

Employees
5

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/22/2019 StartEngine $3,001,600 $163,742 Equity - Common Funded RegCF
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Powell Development Group on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $3,001,600
Price per Share: $1.12

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

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