Overview

Raised to Date: Raised: $352,064

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/09/2020

Close Date

09/22/2020

Min. Goal

$50,000

Max. Goal

$1,000,000

Min. Investment

$1,000

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    

Price Per Share

$0.04

Pre-Money Valuation

$6,000,000

Rolling Commitments ($USD)

Status

Funded

Reporting Date

09/29/2020

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$3,385

# of Investors

221

Momentum

Funded

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KinectAir

Year Founded

2020

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Vancouver, Washington

Business Type

Growth

Company Website

KinectAir, with a pre-money valuation of $6 million, is raising crowdfunding on Wefunder. The company provides accessible air travel experiences through its efficient and right-sized aircraft. KinectAir has designed an intelligent software that meets the customer demand real-time and creates a booking to the actual need. The products of KinectAir include go-anywhere point-to-point charter, group flights for eight people, and turboprops with up to 80 seats. KinectAir is led by Jonathan Evans and has raised over $230,000 since its inception. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000, and the funds will be used for marketing and brand development, general operating expenses, aviation operations, and regulatory certification. KinectAir is an excellent combination of a talented team, intelligent AI-driven software, joy, and accessibility.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$3,080	$0
COGS	$1,248	$0
Tax	$743	$0
Net Income	$-145,894	$0

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$980	$0
Accounts Receivable	$0	$0
Total Assets	$2,380	$0
Short-Term Debt	$13,957	$0
Long-Term Debt	$69,474	$0
Total Liabilities	$83,431	$0

Financials as of: 06/09/2020

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
KinectAir	04/29/2022	Wefunder	$23,000,791	$93,004	Equity - Preferred	Funded	RegCF
KinectAir	01/02/2022	Wefunder	$12,998,606	$0	Equity - Preferred	Not Funded	RegCF
KinectAir	09/21/2020	Wefunder	$6,000,000	$352,064	Equity - Common	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

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

KinectAir Founder Jonathan Evans on The Future of Flying

Airplane flights are possibly one of the least environmentally-friendly ways to travel. And as our economy continues to become more global, the number of people who regularly take flights is only going to increase. Additionally, not all airlines have handled the current pandemic well at all. Some airline companies have returned to selling all seats in a plane, while others continue to keep middle seats empty for the time being.

KinectAir has a very different vision for airlines flights. The company offers point-to-point charter flights as well as dynamic group flights. KinectAir utilizes AI software to enable intelligent flight booking for customers who use its app. We sat down with founder Jonathan Evans to discuss the future of flight and how KinectAir fits into that future.

Note: This interview was conducted over email. It has been lightly edited for clarity and length.

Read Founder Interview