WRAD One

WRAD One

Early Stage

Developing an advanced gunshot detection system

Developing an advanced gunshot detection system

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

NextSeed

Start Date

12/27/2020

Close Date

03/10/2021

Min. Goal
$500,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,500,000

Discount

20%

Year Founded

2020

Industry

Government Services

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Brownwood, Texas

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-4,900

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$15,200

$0

Accounts Receivable

$0

$0

Total Assets

$15,200

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 12/27/2020
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WRAD One on NextSeed
Platform: NextSeed
Security Type: SAFE
Valuation: $6,500,000

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