Vestaboard

Vestaboard

Early Stage

Connect and inspire with Vestaboard

Connect and inspire with Vestaboard

Overview

Raised to Date: Raised: $330,569

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/15/2020

Close Date

03/16/2021

Min. Goal
$9,999
Max. Goal
$1,069,999
Min. Investment

$500

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.70

Pre-Money Valuation

$9,392,500

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,211

# of Investors

169

Momentum
Funded
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Year Founded

2015

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

San Francisco, California

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

$33,383

Total Liabilities

$199,541

$112,538

Financials as of: 06/15/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Vestaboard 04/28/2024 StartEngine $39,608,098 $277,595 Equity - Preferred Active RegCF
Vestaboard 03/15/2021 StartEngine $9,392,500 $330,569 Equity - Preferred Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Vestaboard on StartEngine
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $9,392,500
Price per Share: $1.70

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