PursuitAlert

PursuitAlert

[Closed for Investment] PursuitAlert is raising funds on Silicon Prairie Online. The company has developed a patented warning system that allows law enforcement to send critical messages directly to citizens. The system, DigitalSiren, alerts citizens of dangerous events nearby through its app, Apple maps, Waze maps, and Stelantis passenger vehicles. In this way, PursuitAlert aims to prevent injuries, fatalities, and damages caused by the necessary activities of law enforcement. Timothy Morgan founded PursuitAlert in October 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used to grow sales and integrate DigitalSiren into more user endpoints.

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Investment Overview

Raised this Round: Raised: $36,000

Deal Terms

Total Commitments ($USD)

Platform
Silicon Prairie Online
Start Date
01/16/2023
Close Date
01/13/2024
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment

$500

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$50,000

Discount

10%

Company & Team

Company

Year Founded
2015
Industry
Security, Cybersecurity, & Defense
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Pickens, South Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Trish Morgan
Title
VP of Sales and Marketing
Founder Name
Tim Morgan
Title
President

Financials

as of Fiscal Year 2021
 Revenue
$224,489
 Monthly Burn
$3,063
 Runway
1.2 months

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$224,489

$12,091

COGS

$748,512

$3,988

Tax

$0

$0

 

 

Net Income

$-36,758

$-161,637

Summary Balance Sheet

FY 2021 FY 2020

Cash

$3,565

$3,896

Accounts Receivable

$0

$0

Total Assets

$45,313

$47,780

Short-Term Debt

$0

$0

Long-Term Debt

$305,364

$271,073

Total Liabilities

$305,364

$271,073

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/13/2024 Silicon Prairie Online $50,000 $36,000 Convertible Note Not Funded RegCF
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Add to portfolio
PursuitAlert on Silicon Prairie Online 2023
Platform: Silicon Prairie Online
Security Type: Convertible Note
Valuation: $50,000

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