Overview
Raised: $49,050
Total Commitments ($USD)
Platform
Honeycomb
Start Date
01/05/2021
Close Date
05/11/2021
Min. Goal
$25,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.80X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$392
# of Investors
75
Momentum
Funded
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Year Founded
2020
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Digital Dream Labs, a consumer electronics company, is raising crowdfunding on Honeycomb. The platform of Digital Dream Labs makes STEM learning easy and interesting and introduces the topics to the kids in a fun way. The first product of Digital Dream Labs, Puzzlets, helps pre-readers to use toy puzzle pieces to control onscreen learning environments. Digital Dream Labs was founded by Jacob Hanchar in July 2012. The current crowdfunding round has a minimum raise of $100,000 and a maximum raise of $500,000, and the funds will be used to hire more engineers, improve the current products, and accelerate hardware design. Digital Dream Labs has been profitable since 2017. The company reported dramatic growth despite the pandemic, and the year-over-year revenue quadrupled from 2019 to 2020.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$595,469 |
$420,314 |
|
COGS |
$222 |
$348,329 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$262,612 |
$-26,329 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$559,229 |
$190,324 |
|
Accounts Receivable |
$294,321 |
$366,714 |
|
Total Assets |
$940,341 |
$649,670 |
|
Short-Term Debt |
$250,125 |
$224,726 |
|
Long-Term Debt |
$425,774 |
$68,500 |
|
Total Liabilities |
$675,899 |
$293,226 |
Financials as of: 01/05/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Digital Dream Labs | 07/22/2021 | Self Managed | $17,250,000 | $1,000,000 | Equity - Common | Funded | RegD 506(b) |
| Digital Dream Labs | 05/10/2021 | Honeycomb | - | $49,050 | Revenue Share | Funded | RegCF |
| Digital Dream Labs | 01/15/2020 | Republic | $5,000,000 | $1,011,209 | SAFE | Funded | RegCF |
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