Purism
About this raise
Purism, with a valuation of $75 million, is raising funds on StartEngine. The company has built an intuitive and privacy-focused technology ecosystem. Purism aims to disrupt the technology landscape with its products focused on privacy, security, and freedom, including the Purism Librem Ecosystem. The business has a loyal customer base and reported a revenue of $8 million in 2022 compared to $5 million in 2021. Todd Weaver founded Purism in November 2014. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, marketing, new product production, and working capital.
Investment Overview
Invested : $428,754
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 01/29/2024
- Close Date
- 04/29/2024
$15,000
$1,235,000
$500
Equity - Common
Growth Stage
RegCF
$4.00
$75,000,000
Company & Team
Company
- Year Founded
- 2014
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +10% YoY
-
$9,000,000
as of FY2022
- Monthly Burn
-
$39,917
as of FY2022
-
Cash on Hand
-
$50,000
as of FY2022
- Gross Margin
-
48%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $12,822,927
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2024 | StartEngine | $75,000,000 | $428,754 | Equity - Common | Funded | RegCF |