Lustro Comments

Discuss this Deal with other Investors

Join the Conversation

Throne

Smart, solar powered public bathrooms (partnered with cities of DC, NYC, and LA)

Print
Claim My Business
Form C
View on Wefunder
Security Type
Convertible Note
Categories
Technology, Other, Financial Services, Healthcare & Medical
Min Investment
$100
Location
BRENTWOOD, MD
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$1.24M
No. Investors
484
Security Price
$1
Website
thronelabs.co
Number of Employees
13
Cash
$742,204
Revenue
$7,250
Short Term Debt
$622,890
Cost of Goods
$99,709
Long Term Debt
$24,069
Net Income
$-3,323,773

Key Deal Facts

Overwhelming demand with $25M ARR and $100M+ sales pipeline (not guaranteed) World-class team from Uber, Amazon, Meta, Allied Portable Toilets, UPenn & Stanford Expanding from DC into LA and NY 35,000 flushes and counting! Powered by IoT sensors, touchless fixtures, and data-driven servicing Capturing $5.22 revenue per flush (August) Positioned to capture a $122B market opportunity

Management Team / Advisory Board Bios

Fletcher Wilson Co-founder, CEOSerial entrepreneur. First named on 50 patents. Former InterVene Founder & CEO backed by top VCs and strategics (raised $30M). UPenn, BS Engineering. Stanford, MS Engineering., Jessica Heinzelman Co-founder, COOMarketing and operations whiz. Ex-Meta. VP of Growth at Nivi; grew user base from 50K to 990K. Managed strategic development partnerships with UN agencies. Advised US and UK-backed World Bank projects. Smith College, BA. Tufts, MA., Ben Clark Co-founder, VP R&DHardware guru. Inventor on 70+ patents. Early at 2 MedTech startups - one exit to Medtronic > $800M and an exit to Johnson & Johnson. Specializes in transferring new products from R&D to early production for large-scale launch. Mechanical Engineering, BS., Shyanne Telfer VP of OperationsDesign implementation & supply chain genius. Ex-Uber. 15 years experience working with Fortune 100 companies, unicorns, early-stage startups, and SMEs. Logistics and Supply Chain Management, MSc., Russell Borgmann Head of IntegrationScale Pro. Early product and operations leader at Coinstar. Led cross-functional New Technology Introduction (NTI) and Hardware Product Development teams at Amazon to scale the public launch of Amazon Go "Just Walk Out" cashier-less convenience stores., Tee Valentine Co-founder, AdvisorBusiness mogul. Owner of Allied Portable Toilets. Founder of River City Corp. Board member and advisor to a $400M revenue transportation and logistics company. UNC - Chapel Hill, BA. University of Virginia, MBA., John Epley Co-founder, AdvisorIndustry veteran. Owner of Allied Portable Toilets. Ex-investment banker. Former Head of M&A of a $600M revenue industrial holding company. Former CFO of a $110M asset-backed credit facility. Harvard, BA. Columbia, MBA.

Amount Raised : $3,091,026
Reveal the Score by Voting
＿
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment