Purism
Growth Stage
Beautiful Freedom
Overview
Raised: $428,754
Total Commitments ($USD)
Platform
StartEngine
Start Date
01/28/2024
Close Date
04/29/2024
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment
$500
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$4.00
Pre-Money Valuation
$75,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,712
# of Investors
205
Momentum
Funded
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Year Founded
2014
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
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.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$8,197,007 |
$5,106,692 |
|
COGS |
$4,234,581 |
$3,518,402 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-478,999 |
$-2,718,810 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$128,757 |
$43,436 |
|
Accounts Receivable |
$4,576 |
$0 |
|
Total Assets |
$7,588,252 |
$7,840,292 |
|
Short-Term Debt |
$6,736,003 |
$8,617,583 |
|
Long-Term Debt |
$15,164,552 |
$13,056,013 |
|
Total Liabilities |
$21,900,555 |
$21,673,596 |
Financials as of: 01/28/2024
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