BARU

Neutral
BETA

Resize furniture in Augmented Reality before buying

Analytics

Raised to Date: $87,889

Aggregate Commitments $
Platform

Wefunder

Start Date

07/29/2020

Close Date

02/26/2021

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,500,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

85

% of Min. Goal

176%

% of Max. Goal

8%

Likelihood of Max
Avg. Daily Raise

$698

# of Investors

58

Momentum
Location

Elyria, OH

Industry

Consumer Products, Goods & Services

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

BARU, with a valuation cap of $5.5 million, is raising crowdfunding on Wefunder. The company sells custom furniture to the clients by personalizing it through their augmented reality app. The customers define their size specifications, which are translated into manufacturing instructions for woodworking robotics. BARU was founded by Tino Go and Kevin Rainbolt and has raised over $220,000 since its founding. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for sales and marketing, software development site upgrades, and admin expenses. BARU brings an innovative concept that makes customized shopping of furniture easier and more cost-effective.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$2,220

$0

COGS

$2,230

$0

Tax

$0

$0

 

 

Net Income

$-128,008

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$565

$0

Accounts Receivable

$242

$0

Total Assets

$2,492

$0

Short-Term Debt

$5,500

$0

Long-Term Debt

$0

$0

Total Liabilities

$5,500

$0

Ratings

last updated 12/03/2020

Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
Other Deals

teleCalm on Wefunder

Alzheimer’s and dementia are serious medical issues that affect a larger swath of the population. In the US…

Crowd
Pristeem on Wefunder

Pristeem has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for deals selected…

Crowd
Dan Clark Audio on StartEngine

The Dan Clark Audio team has been selected as a “Deal to Watch” by KingsCrowd. This distinction is…

Crowd
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add BARU on Wefunder
Follow company
Follow BARU on Wefunder