Ramper Innovations

Ramper Innovations

[Closed for Investment] Ramper Innovations, with a valuation of $3.5 million, is raising funds on Wefunder. The company is working towards making the airline industry safer and has developed a loading solution that saves rampers’ backs and airlines’ money. The solution of Ramper Innovations is called TISABAS and is a compact and motorized folding conveyor system. TISABAS is affordable, portable, ergonomic, simple to run, versatile, and designed by a ramper for rampers. Tim Fulton founded Ramper Innovations in July 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for engineering and manufacturing, sales and marketing, and operations.

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Investment Overview

Raised this Round: Raised: $274,562

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
02/28/2022
Close Date
08/31/2022
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment

$250

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,500,000

Discount

10%

Company & Team

Company

Year Founded
2020
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
Sitka, Alaska
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Tim Fulton
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$11,717
 Runway
1.2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-140,601

$-209,783

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$14,200

$24,022

Accounts Receivable

$0

$0

Total Assets

$25,918

$40,005

Short-Term Debt

$28,667

$7,682

Long-Term Debt

$240,918

$245,099

Total Liabilities

$269,585

$252,781

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/23/2024 Wefunder $3,500,000 $9,930 Convertible Note Funded RegCF
08/31/2022 Wefunder $3,500,000 $274,562 Convertible Note Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Ramper Innovations on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $3,500,000

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