RYSE

RYSE

Growth Stage

OWN the “Smart Shade”

Overview

Raised to Date: Raised: $115,200

Total Commitments ($USD)

Platform

Republic

Start Date

04/10/2023

Close Date

Not Provided

Min. Goal
$1,000
Max. Goal
$25,000,000
Min. Investment

$1,000

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$46,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/30/2023

% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,077

# of Investors

62

Momentum
Funded
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Year Founded

2009

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Ontario, Ontario

Business Type

Growth

RYSE, with a valuation of $46 million, is raising funds on Republic through Reg A+ crowdfunding. It is a technology company that makes smart devices to automate window coverings. The flagship product of RYSE, SmartShades, is super smart, controllable by smartphone or voice, and affordable. The company also plans to launch new products soon, including SmartDrapes, SmartBlinds, and Cordless. RYSE is led by an experienced team and has already sold over 35,000 devices to residential and commercial clients across the world and generated $7 million in revenue. Trung Pham founded RYSE in 2009. The current crowdfunding campaign has a maximum target of $25 million. The campaign proceeds will be used for product development, marketing, and business development.

Balance Sheet

Cash and Cash Equivalents

$46,968

Accounts and Notes Receivable

$126,397

Property, Plant and Equipment (PP&E)

$91,120

Total Assets

$1,631,182

Accounts Payable & Accrued Liabilities

$1,219,239

Long Term Debt

$866,556

Total Liabilities

$14,859,714

Total Stockholders' Equity

$-13,228,532

Total Liabilities and Equity

$1,631,182

Statement of Comprehensive Income Information

Total Revenues

$1,416,387

Costs & Expenses Applicable to Rev

$3,920,163

Depreciation and Amortization

$59,655

Net Income

$-3,099,626

Earnings Per Share - Basic

$-0.08

Earnings Per Share - Diluted

$-0.07

Financials as of: 04/10/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
RYSE 08/30/2024 Dealmaker Securities $77,602,272 $1,066,947 Equity - Common Active RegA+
RYSE 07/26/2023 Dealmaker Securities $42,875,375 - Equity - Common Not Funded RegA+
RYSE 07/26/2023 Republic $46,000,000 $115,200 Equity - Common Funded RegA+
RYSE, Inc. 02/27/2022 Rialto Markets $32,000,000 $770,429 Equity - Common Funded RegA+
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Price per Share History

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

Valuation History

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.

Employee History

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RYSE on Republic 2023
Platform: Republic
Security Type: Equity - Common
Valuation: $46,000,000
Price per Share: $1.00

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