KulaCrate
Early Stage
KulaCrate helps simplify the funding, purchasing and distribution of classroom supplies for teachers. Through our social crowdfunding platform, we help connect teachers to the supplies and resources they need.
Overview
Raised: $12,479
Total Commitments ($USD)
Platform
Netcapital
Start Date
02/13/2020
Close Date
09/29/2020
Min. Goal
$10,001
Max. Goal
$106,875
Min. Investment
$99
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.25
Pre-Money Valuation
$2,800,000
Rolling Commitments ($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
$55
Momentum
Funded
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Year Founded
2016
Industry
Education, Training, & Coaching
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
KulaCrate, with a post-money valuation of $2.79 million, is raising funds on NetCapital. The social crowdfunding platform of KulaCrate connects teachers with the classroom resources they need and makes it easier for them to fund, purchase, and distribute the resources. KulaCrate was founded by Vaughan Dugan, Shawn Rudnick, and Everett Eaton. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $107,000, and the funds will be used towards marketing, school supplies, and operating expenses. KulaCrate has a live website that the teachers access and create their supply list on. The parents, friends, and family can also access the page the donate funds for the required supplies.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$110 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-109,081 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$837 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$9,994 |
$0 |
|
Short-Term Debt |
$107,222 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$107,222 |
$0 |
Financials as of: 02/13/2020
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