Roombus

Roombus

Closed: Apr. 2021

About this raise

Roombus, with a valuation cap of $7.5 million, is raising funds on Wefunder. The company uses technology and human-centered design to create affordable and smart homes. The first product of Roombus is called Nest and is an affordable and disaster-proof smart house that keeps people safe from storms, earthquakes, and burglars. Dami Jegede founded Roombus in 2019. The proceeds of the current crowdfunding round, with a minimum target of $100,000 and a maximum target of $1,070,000, will be used towards engineering, payroll, production unit, assembly factory, and sales and marketing. Roombus has over 200 purchase requests and pre-orders with potential revenue of over $10 million. The smart houses of Roombus are highly desirable, efficient, and affordable.

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Investment Overview

Invested this round: $443,780

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
01/14/2021
Close Date
04/22/2021
Min. Goal
$100,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$6,500,250

Valuation Cap

$7,500,000

Discount

10%

Company & Team

Company

Year Founded
2019
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Irvine, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Dami Jegede
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$156
 Runway
0.6 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,877

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$95

$0

Accounts Receivable

$0

$0

Total Assets

$95

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/22/2021 Wefunder $7,500,000 $443,780 SAFE Funded RegCF
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Add to portfolio
Roombus on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $7,500,000

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