Wayzn
About this raise
Wayzn, with a valuation cap of $14 million, is raising crowdfunding on Republic. The company is using innovative technology to make doors and windows open and close intelligently without any manual intervention. The company’s first product, Wayzn for Doors, turns any glass sliding door into an automatic pet door to let the pets out from anywhere, anytime. Mike Demele and Adam Smithline founded Wayzn in July 2018 and have raised over $550,000 since the inception. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used to continue the expansion of product and service offerings. Wayzn has already taken more than 3,000 orders and is projected to reach $77 million in revenue by the end of 2024.
Investment Overview
Invested : $126,361
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 09/17/2020
- Close Date
- 12/16/2020
$25,000
$1,070,000
$150
SAFE
Early Stage
RegCF
$14,000,000
0%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Real Estate & Construction
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +116% YoY
- $310,000
- Monthly Burn
- $44,479
-
Runway
- 0.9 months
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/16/2020 | Republic | $14,000,000 | $126,361 | SAFE | Funded | RegCF |