Pendram

Neutral
BETA

Invest in an Entire Portfolio of Breakthrough High Tech Smart Storage Products!

Analytics

Raised to Date: $59,560

Aggregate Commitments $
Platform

Wefunder

Start Date

10/13/2020

Close Date

12/02/2020

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$9,000,000

Discount Rate

10%

Weekly Commitments $
Status

Active

Reporting Date

10/21/2020

Days Remaining

38

% of Min. Goal

119%

% of Max. Goal

24%

Likelihood of Max
Avg. Daily Raise

$7,445

# of Investors

12

Momentum
Location

San Diego, CA

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Pendram, with a $9 million valuation cap, is raising crowdfunding on Wefunder. The company uses a smart proprietary patent-pending technology, called Intellisphere IAC, for smart storage. The technology provides precise storage conditions with flexible control to protect and preserve perishables. Pendram was founded by Mary June Makoul and Jon Siann in 2015 and has raised more than $310,000 since its founding. The current crowdfunding campaign of the company has a minimum raise of $50,000 and a maximum raise of $250,000, and the funds will be used for web marketing, targeted social media campaigns, engineering, and moving to full production. The flagship product of Pendram, Smart-Lid, was chosen as Tommy Chong favorite for 2020 with strong demand.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$1

$0

COGS

$24

$0

Tax

$1,949

$800

 

 

Net Income

$-165,636

$-44,330

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$114,700

$2,634

Accounts Receivable

$0

$0

Total Assets

$114,700

$2,634

Short-Term Debt

$2,400

$1,600

Long-Term Debt

$246,000

$0

Total Liabilities

$248,400

$1,600

Ratings

last updated 10/25/2020

Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
Other Deals

Signature Lacrosse on StartEngine

Signature Lacrosse has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for deals…

Crowd
Pristeem on Wefunder

Pristeem has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for deals selected…

Crowd
Dan Clark Audio on StartEngine

The Dan Clark Audio team has been selected as a “Deal to Watch” by KingsCrowd. This distinction is…

Crowd
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add Pendram on Wefunder
Follow company
Follow Pendram on Wefunder