Vestaboard

Neutral
BETA

Connect and inspire with Vestaboard

Analytics

Raised to Date: $87,401

Aggregate Commitments $
Platform

StartEngine

Start Date

06/16/2020

Close Date

01/15/2021

Min. Goal

$9,999

Max. Goal

$1,069,999

Min. Investment

$500

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$9,392,500

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

43

% of Min. Goal

874%

% of Max. Goal

8%

Likelihood of Max
Avg. Daily Raise

$517

# of Investors

62

Momentum
Location

San Francisco, CA

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

Vestaboard, with a pre-money valuation of $9.39 million, is raising funds on StartEngine. The company has reimagined the design of split-flap displays to create internet-connected displays that can be controlled from anywhere. The product can be used anywhere, including homes, offices, educational institutions, hospitality, and health services. Vestaboard was founded by Dorrian Porter in 2015 and has raised over $1 million since its inception. The proceeds of the current crowdfunding round, with a minimum goal of $9,999.40 and a maximum goal of $1,069,998.70, will be used to commence mass production of the product. Vestaboard has already received $4.3 million in reservations, and the very first units are expected to reach the early customers in July 2020.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$4,950

$27,010

COGS

$2,018

$5,575

Tax

$0

$0

 

 

Net Income

$-1,786,923

$-1,288,451

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$80,324

$77,622

Accounts Receivable

$0

$3,800

Total Assets

$88,347

$92,019

Short-Term Debt

$199,541

$79,155

Long-Term Debt

$0

$0

Total Liabilities

$199,541

$112,538

Ratings

last updated 12/03/2020

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