WhiteClouds

WhiteClouds

Early Stage

On-Demand 3D Fabrication: the world's largest color 3D printing facility.

On-Demand 3D Fabrication: the world's largest color 3D printing facility.

Overview

Raised to Date: Raised: $1,070,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/27/2017

Close Date

07/31/2017

Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment

$1,000

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$18,000,000

Discount

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/30/2017

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$11,383

Momentum
Funded
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Year Founded

2013

Industry

Consumer Products, Goods & Services

Tech Sector

EnterpriseTech

Location

Ogden, Utah

WhiteClouds, with a valuation of $18 million, is raising funds on Wefunder. The company is offering a 3D printing software platform that allows businesses to produce customized products for their customers. The businesses need not have any expertise in 3D printing and can create high-quality personalized products across categories ranging from medical and veterinary to retail and gaming. WhiteClouds generated $2.5 million in revenue in 2015 and has generated $5.1 million in revenue since its inception. WhiteClouds was founded by 14 co-founders, including Jerry Ropelato and Joey Skinner, in January 2013. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,070,000. The campaign proceeds will be used for sales and marketing, the introduction of new products, expansion into the European market, and general operations.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,562,441

$4,906,343

COGS

$1,528,380

$854,311

Tax

$64,335

$-64,435

 

 

Net Income

$-4,728,585

$1,380,601

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$64,892

$100,651

Accounts Receivable

$204,952

$240,679

Total Assets

$3,965,530

$4,840,001

Short-Term Debt

$978,856

$668,799

Long-Term Debt

$4,849,807

$1,312,901

Total Liabilities

$5,828,663

$1,981,700

Financials as of: 04/27/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
WhiteClouds 04/29/2022 Wefunder $24,000,000 $86,200 SAFE Funded RegCF
WhiteClouds 04/25/2019 Wefunder $20,000,000 $183,773 SAFE Funded RegCF
WhiteClouds 09/28/2018 Wefunder $20,000,000 $195,041 SAFE Funded RegCF
WhiteClouds 07/30/2017 Wefunder $18,000,000 $1,070,000 SAFE Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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WhiteClouds on Wefunder 2017
Platform: Wefunder
Security Type: SAFE
Valuation: $18,000,000

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