Overview

Raised to Date: Raised: $863,186

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/02/2023

Close Date

04/06/2023

Min. Goal

$50,000

Max. Goal

$5,000,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Early Bird Val. Cap

$7,200,000

Valuation Cap

$9,000,000

Discount

20%

Venture Capital Investors:

Peak Capital Partners Fund

Rolling Commitments ($USD)

Status

Not Funded

Reporting Date

04/29/2023

Days Remaining

Not Funded

% of Min. Goal

Not Funded

% of Max. Goal

Not Funded

Likelihood of Max

Not Funded

Avg. Daily Raise

$25,388

# of Investors

1,115

Momentum

Not Funded

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Sirocco Energy

Year Founded

2021

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Palo Alto, California

Business Type

Growth

Company Website

Sirocco Energy, with a valuation of $9 million, is raising funds on Wefunder. The company has created a low-noise, affordable, and customizable wind turbine for urban energy production. The linear wind generator of Sirocco Energy has been successfully developed and patented after six years of R&D. It is 50% more aerodynamically efficient than conventional wind turbines, has a low noise level, and is safe for birds. Sirocco Energy already has over 1,200 pre-orders with potential revenue of $80 million. Taras Vodyanyy, Anna Pryimak, and Oleksandr Pryjmak founded Sirocco Energy in May 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for research and development, market and customer research, new product development, business development, marketing, hiring, and legal services.

Summary Profit and Loss Statement

	FY 2021	FY 2020
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0
Net Income	$-138,788	$0

Summary Balance Sheet

	FY 2021	FY 2020
Cash	$4,367	$0
Accounts Receivable	$0	$0
Total Assets	$568,565	$0
Short-Term Debt	$0	$0
Long-Term Debt	$107,161	$0
Total Liabilities	$107,161	$0

Financials as of: 03/02/2023

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Sirocco Energy	04/25/2024	Netcapital	$8,986,640	$16,232	Equity - Common	Active	RegCF
Sirocco Energy	04/05/2023	Wefunder	$9,000,000	$863,186	SAFE	Not Funded	RegCF
Sirocco Energy	04/03/2022	Wefunder	$7,000,000	$863,186	SAFE	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

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

Sirocco Energy Founder Anna Pryimak on Bringing Wind Energy to Urban Areas

Wind power is one of the most popular forms of renewable energy. The U.S. has increased its wind power capacity 30% year over year during the last decade. As of January 2022, the U.S. Wind Turbine Database contains more than 70,800 utility-scale turbines across at least 44 states. 

Large utility-scale turbines aren’t a feasible solution for all areas, though. So a growing number of startups are creating smaller-scale wind turbines that are suitable for residential areas. Sirocco Energy designed a turbine for urban and suburban areas that is quiet, efficient, and affordable. KingsCrowd interviewed Sirocco Energy Chief Operating Officer Anna Pryimak to learn how the company sets its wind turbines apart and how it plans to tackle demand.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview