Wayzn

Neutral
BETA

Leading the way in smart door and window technology

Analytics

Raised to Date: $126,361

Aggregate Commitments $
Platform

Republic

Start Date

09/17/2020

Close Date

12/16/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$150

Security Type

SAFE

Funding Type

RegCF

Valuation Cap

$14,000,000

Discount Rate

0%

Weekly Commitments $
Status
Funded
Reporting Date

12/31/2020

Days Remaining
Funded
% of Min. Goal

505%

% of Max. Goal

12%

Likelihood of Max
Funded
Avg. Daily Raise

$1,404

# of Investors

234

Momentum
Funded
Location

Sunnyvale, California

Industry

Real Estate & Construction

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Wayzn, with a valuation cap of $14 million, is raising crowdfunding on Republic. The company is using innovative technology to make doors and windows open and close intelligently without any manual intervention. The company’s first product, Wayzn for Doors, turns any glass sliding door into an automatic pet door to let the pets out from anywhere, anytime. Mike Demele and Adam Smithline founded Wayzn in July 2018 and have raised over $550,000 since the inception. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used to continue the expansion of product and service offerings. Wayzn has already taken more than 3,000 orders and is projected to reach $77 million in revenue by the end of 2024.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-533,753

$-117,104

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$39,612

$2,294

Accounts Receivable

$120,364

$0

Total Assets

$159,976

$2,294

Short-Term Debt

$521,833

$14,398

Long-Term Debt

$0

$0

Total Liabilities

$521,833

$14,398

Ratings

last updated 12/17/2020

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