Prepdeck
About this raise
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.
Investment Overview
Invested : $88,551
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 11/14/2022
- Close Date
- 04/30/2023
$50,000
$1,235,000
$250
SAFE
Growth Stage
RegCF
$17,000,000
$19,000,000
20%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -11.8% YoY
- $5,271,290
- Monthly Burn
- $50,912
-
Runway
- 19.6 months
- Gross Margin
- 45%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $250,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2023 | Wefunder | $19,000,000 | $88,551 | SAFE | Funded | RegCF |