Resonado Labs

The speaker reinvented. High performance, design-conscious flat speaker design.

Analytics

Raised to Date: $0

Aggregate Commitments $
Platform

Republic

Start Date

03/28/2021

Close Date

05/23/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$150

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$12,000,000

Discount Rate

0%

Rolling Commitments $
Status
Not Funded
Reporting Date

05/23/2021

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Location

CHICAGO, Illinois

Industry

Media, Entertainment & Publishing

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Resonado Labs, with a valuation cap of $12 million, is raising funds on Republic. The company is reinventing speakers through a slim-form factor without compromising on the sound performance. It has engineered a flat core speaker (FCS) technology to get a thin profile and flat diaphragm. Brian Cho founded Resonado Labs in 2017 and has raised over $2.2 million since the inception. The current crowdfunding campaign of the company has a minimum target of $25,000 and a maximum target of $1,070,000. The raise proceeds will be used for growth and expansion. Resonado Labs has over $6 million in the deal pipeline and has signed contracts with international manufacturers. The company has generated over $200,000 in revenue to date and expects to reach $2 million by 2021.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$119,245

$15,918

COGS

$41,083

$21,810

Tax

$0

$0

 

 

Net Income

$-1,102,774

$-674,771

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$287,975

$479,600

Accounts Receivable

$0

$0

Total Assets

$574,327

$617,996

Short-Term Debt

$2,300,651

$65,073

Long-Term Debt

$0

$1,176,482

Total Liabilities

$2,300,651

$1,241,555

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