Pranos
Early Stage
We convert car windows into high-definition display systems
Overview
Raised: $249,930
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/02/2021
Close Date
03/01/2024
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$8,000,000
Valuation Cap
$9,000,000
Discount
11%
Rolling Commitments ($USD)
Status
Active
Reporting Date
11/30/2023
Days Remaining
92
% of Min. Goal
500%
% of Max. Goal
100%
Likelihood of Max
Avg. Daily Raise
$305
Momentum
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Year Founded
2019
Industry
Marketing & Advertising
Tech Sector
AdTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Pranos, with a valuation of $9 million, is raising funds on Wefunder. The company uses a patent-pending technology to convert car windows into high-definition display systems. The digital screens of Pranos use AI to allow the vehicle to interact with its environment and network. Pranos has a large worldwide inventory and earns income showing ads and videos. David Valverde, Nathan Allison, and William Stanislaus founded Pranos in August 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for software development, hardware development, deployment of first product into the market, and generating revenues.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$2,322 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-22,322 |
$-18,360 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$80,729 |
$51,108 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$84,933 |
$51,108 |
|
Short-Term Debt |
$5,276 |
$343 |
|
Long-Term Debt |
$66,409 |
$73,311 |
|
Total Liabilities |
$71,685 |
$73,653 |
Financials as of: 09/02/2021
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