Prepdeck

Growth Stage

We make cooking fast, fun and enjoyable

Overview

Raised to Date: 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
unlikely
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

Business Type

Growth

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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Prepdeck on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $19,000,000

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