RimRiser

Early Stage

Revolutionizing manholes, storm drains and utility vaults

Analytics

Raised to Date: Raised: $81,600

Aggregate Commitments $

Platform

Wefunder

Start Date

10/06/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Price Per Share

$0.50

Pre-Money Valuation

$9,055,100

Rolling Commitments $

Status

Active

Reporting Date

11/30/2022

Days Remaining

151

% of Min. Goal

163%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,484

# of Investors

55

Momentum
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
Location

Vancouver, Washington

Industry

Real Estate & Construction

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

RimRiser, with a valuation of $9 million, is raising funds on Wefunder. The company has created the device to revolutionize manholes, storm drains, and utility vaults. RimRiser saves money and works faster, safer, and more accurately to adjust heavy structures to the exact elevation and slope. RimRiser is a single installer that can turn the screws without lifting and hand-placing shim material. The product is Department of Transportation-approved and has three patents registered and two trademarks issued. Aaron Barr founded RimRiser in April 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.07 million. The campaign proceeds will be used for payroll, debt repayment, marketing, operating expenses, and critical expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$43,947

$126,236

COGS

$32,770

$22,960

Tax

$7,397

$3,062

 

 

Net Income

$-738,700

$-781,244

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$13,657

$78,865

Accounts Receivable

$1,704

$0

Total Assets

$70,627

$132,250

Short-Term Debt

$61,537

$7,777

Long-Term Debt

$288,415

$205,081

Total Liabilities

$349,952

$212,858

Financials as of: 10/06/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
RimRiser on Wefunder 2022
$
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $9,055,100

Follow company

Follow RimRiser on Wefunder 2022
View on Wefunder
Bullish / Bearish
You're Bullish on RimRiser on Wefunder 2022

Thank you for your vote on RimRiser on Wefunder 2022

Bullish / Bearish
You're Bearish on RimRiser on Wefunder 2022

Thank you for your vote on RimRiser on Wefunder 2022