Wayzn

Wayzn

Early Stage

Leading the way in smart door and window technology

Leading the way in smart door and window technology

Overview

Raised this Round: Raised: $126,361

Total Commitments ($USD)

Platform

Republic

Start Date

09/16/2020

Close Date

12/16/2020

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$150

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$14,000,000

Discount

0%

Year Founded

2018

Industry

Real Estate & Construction

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Sunnyvale, California

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-533,753

$-117,104

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$39,612

$2,294

Accounts Receivable

$120,364

$0

Total Assets

$159,976

$2,294

Short-Term Debt

$521,833

$14,398

Long-Term Debt

$0

$0

Total Liabilities

$521,833

$14,398

Financials as of: 09/16/2020
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Wayzn on Republic
Platform: Republic
Security Type: SAFE
Valuation: $14,000,000

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