Prepdeck
Growth Stage
We make cooking fast, fun and enjoyable
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/14/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$19,000,000
Discount Rate
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/01/2023
Days Remaining
88
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Location
Los Angeles, California
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Prepdeck, with a valuation of $19 million, is raising funds on Wefunder. The company has designed and manufactured a kitchen organization system that has taken the market by storm. It has created an award-winning cooking accessory that has over 45 features to help people prep faster, reduce clutter, and speed up the clean-up process. Prepdeck has over 150,000 customers and has generated $16 million in lifetime revenue with a 500% revenue growth in the last 36 months. Alexander Eburne founded Prepdeck in October 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product development, marketing, sales team expansion, inventory, and operating capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$5,271,290 |
$5,979,452 |
|
COGS |
$2,906,350 |
$3,239,914 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-610,945 |
$224,388 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$998,265 |
$1,019,280 |
|
Accounts Receivable |
$19,065 |
$61,574 |
|
Total Assets |
$2,072,379 |
$1,676,586 |
|
Short-Term Debt |
$1,131,163 |
$748,717 |
|
Long-Term Debt |
$1,177,392 |
$553,100 |
|
Total Liabilities |
$2,308,555 |
$1,301,817 |
Financials as of: 11/14/2022
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