WRAD One
About this raise: WRAD One, with a valuation cap of $6.5 million, is raising funds on NextSeed. The company is developing The Vigilant Response System to detect gunshots accurately, highlight the location, and reduce response times. The system will help to save lives by immediately informing the law enforcement authorities and allowing them to react fast. Phil Kramer, Mike Mann, and Kevin Wilder founded WRAD One in October 2020. The current round of crowdfunding has a minimum target of $500,000 and a maximum target of $1,000,000, and the proceeds will be used towards inventory purchase, sales and marketing, R&D, manufacturing, and working capital. WRAD One is expected to work on two revenue streams, one from the hardware and the other as the recurring subscription.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments ($USD)
- Platform
- NextSeed
- Start Date
- 12/28/2020
- Close Date
- 03/10/2021
$500,000
$1,000,000
$100
SAFE
Seed
RegCF
$6,500,000
20%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Government Services
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/10/2021 | NextSeed | $6,500,000 | $0 | SAFE | Not Funded | RegCF |