About this raise: WhiteClouds, with a valuation of $24 million, is raising funds on Wefunder. The company uses 3D technologies to fabricate a wide range of finished products. The new 3D technology solutions of WhiteClouds offer rapid prototyping, print-on-demand, strong and lightweight products, and flexible design. WhiteClouds has over 3,600 customers and has generated $17 million in lifetime revenues. Jerry Ropelato founded WhiteClouds in January 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5,000,000. The campaign proceeds will be used for sales and marketing, debt reduction, and general operations.

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Investment Overview

Invested this round: $86,200

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
03/23/2022
Close Date
04/30/2022
Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$22,000,000

Valuation Cap

$24,000,000

Discount

10%

Company & Team

Company

Year Founded
2013
Industry
Consumer Products, Goods & Services
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
High
Location
Ogden, Utah
Business Type
Growth
Company Website
Visit Website

Team

Employees
40
Prior Founder Exits?
No
Founder Name
Jerry Ropelato
Title
CEO

Financials

 Revenue -24.6% YoY
$2,201,273
 Monthly Burn
$30,764
 Runway
0.1 months
Gross Margin
79%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,201,273

$2,918,943

COGS

$465,621

$747,962

Tax

$0

$0

 

 

Net Income

$-369,165

$-1,076,706

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,043

$21,118

Accounts Receivable

$122,955

$189,507

Total Assets

$310,522

$847,104

Short-Term Debt

$1,204,183

$6,808,212

Long-Term Debt

$1,978,519

$1,306,907

Total Liabilities

$3,182,702

$8,115,119

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2022 Wefunder $24,000,000 $86,200 SAFE Funded RegCF
04/26/2019 Wefunder $20,000,000 $183,773 SAFE Funded RegCF
09/29/2018 Wefunder $20,000,000 $195,041 SAFE Funded RegCF
07/31/2017 Wefunder $18,000,000 $1,070,000 SAFE Funded RegCF
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Growth Charts

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.

Valuation History

Price per Share History

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

Employee History

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WhiteClouds on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $24,000,000

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