Kiwibot
Robotic system that helps companies deliver safely and timely to their customers
Analytics
Raised to Date: $704,721
Aggregate Commitments $
Platform
Wefunder
Start Date
08/11/2020
Close Date
01/07/2021
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Funding Type
RegCF
Series
Seed
Valuation Cap
$25,000,000
Discount Rate
0%
Rolling Commitments $
Status
Funded
Reporting Date
01/31/2021
Days Remaining
Funded
% of Min. Goal
1,409%
% of Max. Goal
66%
Likelihood of Max
Funded
Avg. Daily Raise
$4,730
# of Investors
840
Momentum
Funded
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Location
Berkeley, California
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Kiwibot, with a valuation cap of $25 million, is raising crowdfunding on Wefunder. The company has built a robotic delivery technology platform that helps companies deliver safely and timely to their customers. Kiwibot is focused on providing an end-to-end robotic infrastructure to restaurant chains. Felipe Chavez Cortes, Sergio Pachon, and David Rodriguez founded Kiwibot in 2016 and has raised over $5 million since its inception. 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 new robot development, hiring, and other expenses. Kiwibot has completed over 100,000 deliveries worldwide and has key partnerships with Shopify, Rappi, Ordermark, and the City of San Jose.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$279,302 |
$136,804 |
|
COGS |
$455,503 |
$142,126 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,621,693 |
$-1,392,124 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$108,223 |
$195,364 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$433,894 |
$639,940 |
|
Short-Term Debt |
$420,047 |
$0 |
|
Long-Term Debt |
$26,809 |
$26,809 |
|
Total Liabilities |
$446,856 |
$26,809 |
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