Kangaroo

Smart home security for everyone

Analytics

Raised to Date: $173,550

Aggregate Commitments $
Platform

Republic

Start Date

05/22/2020

Close Date

09/15/2020

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$150

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$80,000,000

Discount Rate

20%

Rolling Commitments $
Status
Funded
Reporting Date

09/30/2020

Days Remaining
Funded
% of Min. Goal

347%

% of Max. Goal

16%

Likelihood of Max
Funded
Avg. Daily Raise

$1,496

# of Investors

866

Momentum
Funded
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Location

New York, New York

Industry

Security, Cybersecurity, & Defense

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

Kangaroo, with a valuation cap of $80 million, is raising crowdfunding on Republic. The company provides a hub less cloud-based home security to everyone. The security system is affordable, simple, and focused on the privacy of the users. The company also offers professionally-monitored service at $10 per month. The current products of Kangaroo include The Privacy Camera and Photo Doorbell. Kangaroo was founded by Maximum Yaney, Dhruv Garg, James Xu, and Victor Meng in February 2018 and has raised over $18 million since its founding. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used to launch the products in mass volume, increase brand recognition, mature insurance distribution, and develop more products. Kangaroo has more than 20,000 users and is targeting 83% of homes in the US.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$475,507

$278,034

COGS

$660,896

$314,942

Tax

$0

$0

 

 

Net Income

$-7,011,872

$-3,358,301

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$208,784

$742,311

Accounts Receivable

$158,800

$7,733

Total Assets

$1,541,550

$1,425,567

Short-Term Debt

$899,232

$522,465

Long-Term Debt

$0

$0

Total Liabilities

$899,232

$522,465

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