WiGL

WiGL, with a valuation of $179 million, is raising funds on PicMii. It is a wireless power company that is bringing new technologies developed for the Department of Defense to improve the value proposition of other goods and services. WiGL will enable people to ditch cords and wires and use WiGL’s network to power their devices. The company works on a fully patented technology and is led by a team of strong founders with experience in the Air Force, MIT, and BAE Systems. Dr. Ahmad Glover founded WiGL in February 2020. The current crowdfunding campaign has a minimum target of $9,999.25 and a maximum target of $4 million. The campaign proceeds will be used for research and development, working capital needs, marketing, and general and administrative expenses.

Expand

Investment Overview

Raised this Round: Raised: $210,418

Deal Terms

Total Commitments ($USD)

Platform
PicMii
Start Date
07/01/2024
Close Date
12/31/2024
Min. Goal
$9,999
Max. Goal
$4,000,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.85

Pre-Money Valuation

$179,018,972

Company & Team

Company

Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Hampton, Virginia
Business Type
High Growth
Company Website
Visit Website

Team

Employees
14
Prior Founder Exits?
No
Founder Name
Ahmad Glover
Title
CEO, CFO, COO

Financials

as of Fiscal Year 2023
 Revenue +34% YoY
$644,999
 Cash on Hand
$654,235

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$644,999

$479,999

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$2,396,211

$2,573,421

Summary Balance Sheet

FY 2023 FY 2022

Cash

$654,235

$306,950

Accounts Receivable

$0

$0

Total Assets

$1,658,272

$823,170

Short-Term Debt

$304,171

$142,025

Long-Term Debt

$0

$0

Total Liabilities

$304,171

$142,025

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$10,780,465
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2024 PicMii $179,018,972 $210,418 Equity - Common Active RegCF
03/26/2024 StartEngine $147,000,000 $8,244,919 Equity - Common Funded RegA+
07/28/2021 StartEngine $56,050,000 $5,001,541 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

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

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
WiGL on PicMii 2024
Platform: PicMii
Security Type: Equity - Common
Valuation: $179,018,972
Price per Share: $1.85

Follow company

Follow WiGL on PicMii 2024

Buy WiGL's Deal Report

WiGL Deal Report

Get Kingscrowd's comprehensive report on WiGL including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether WiGL is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the WiGL deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge