Audios

Wireless loudspeaker that doesn't require a WiFi router or Bluetooth

Analytics

Raised to Date: $643,900

Aggregate Commitments $
Platform

Republic

Start Date

09/18/2020

Close Date

04/30/2021

Min. Goal

$100,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$8,000,000

Discount Rate

25%

Rolling Commitments $
Status
Funded
Reporting Date

05/02/2021

Days Remaining
Funded
% of Min. Goal

644%

% of Max. Goal

60%

Likelihood of Max
Funded
Avg. Daily Raise

$2,875

# of Investors

2,203

Momentum
Funded
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Location

Atlanta, Georgia

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Audios, with a valuation cap of $8 million, is raising funds on Republic. The company has created wireless loudspeakers that do not require a WiFi router or Bluetooth connection. Audios speakers are cable-free, battery-powered, and easy to use. The product is ready to go into the production process. Erik Young founded Audios in August 2016 and has raised over $225,000 since the inception. The proceeds of the current crowdfunding round, with a minimum raise of $100,000 and a maximum raise of $1,070,000, will be used to expand operations, increase the brand presence, and increase the direct and retail sales globally. Audios products are suitable during the COVID-19 period, with fewer things to touch in social distancing events.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-262,389

$-41,264

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,557

$167,340

Accounts Receivable

$0

$0

Total Assets

$1,557

$167,340

Short-Term Debt

$83,540

$46,870

Long-Term Debt

$231,475

$177,000

Total Liabilities

$315,015

$223,870

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