Twofold

Deal to Watch
BETA

Smart furniture for scarce spaces

Analytics

Raised to Date: $0

Aggregate Commitments $
Platform

SeedInvest

Start Date

05/07/2020

Close Date

06/21/2020

Min. Goal

$25,000

Max. Goal

$1,000,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$5,000,000

Weekly Commitments $
Status
Not Funded
Reporting Date

06/21/2020

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
Location

Portland, OR

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

Growth

Twofold, with a pre-money valuation of $5 million, is raising funds on SeedInvest. The company uses inventive design to optimize limited space. Twofold creates space-saving furniture for homes, workplaces, and trade shows. The first two products of Twofold are The Plaza Space and Twofold Working Wall that help to convert walls and floor into valuable working space. Twofold was founded by Anja Bump in 2016 and raised over $1.5 million in its pre-seed round of financing. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,000,000, will be used towards marketing, product development, operations, salaries, and travel. Twofold has already executed an agreement with a global contract manufacturer and has an exclusive license to a pending design patent.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$91,120

$0

COGS

$-129,499

$0

Tax

$0

$0

 

 

Net Income

$-657,977

$-549,492

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$47,581

$63,174

Accounts Receivable

$0

$0

Total Assets

$69,048

$114,150

Short-Term Debt

$240,929

$208,453

Long-Term Debt

$1,539,978

$0

Total Liabilities

$1,780,907

$1,162,112

Ratings

last updated 08/23/2020

Research

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