Pristeem

Take care of the clothes you love
Analytics
Raised to Date: $24,371
Aggregate Commitments $
Wefunder
07/29/2020
02/22/2021
$50,000
$1,070,000
$100
SAFE
RegCF
Seed
$8,000,000
20%
Weekly Commitments $
02/28/2021
49%
2%
$117
81
New York, New York
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 |
Analyst Report
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

Cadi on StartEngine
In recent years, many experts felt that golf was a declining sport. It’s been 15 years since U.S.…

StorEn Technologies on StartEngine
Every year, the need for higher quality battery and storage technologies grows. Global energy demand is on the…

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