Pristeem
Take care of the clothes you love
Analytics
Raised to Date: $27,904
Aggregate Commitments $
Wefunder
07/29/2020
11/20/2020
$50,000
$1,070,000
$100
SAFE
RegCF
Seed
$8,000,000
20%
Weekly Commitments $
Active
09/16/2020
62
56%
3%
$569
73
New York, NY
Consumer Products, Goods & Services
Cleantech
B2B
Medium
High
Pristeem, with a valuation cap of $8 million, is raising funds on Wefunder. The company manufactures and sells a self-service garment cleaning device. The device uses steam and an organic chemical to clean an outfit in less than ten minutes. The process makes garment cleaning gentler than hand wash and less expensive than dry-cleaning. Naren Inukoti, Rahul Sheth, and Vishva Somaya founded Pristeem and have raised over $920,000 since its founding. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $1,070,000. The funds will be used for Design for Manufacturing, sales and marketing, and inventory. Pristeem has cleaned over 1,000 outfits of more than 200 users and has signed seven contracts with residential and commercial property management companies.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$10,000 |
$0 |
|
COGS |
$20,000 |
$0 |
|
Tax |
$3,928 |
$0 |
| ||
| ||
|
Net Income |
$-10,000 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$261,017 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$263,248 |
$0 |
|
Short-Term Debt |
$-10,082 |
$0 |
|
Long-Term Debt |
$20,000 |
$0 |
|
Total Liabilities |
$9,918 |
$0 |
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