Pinwheel

Smartphone Operating System Optimized For Kids & Teens

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Security Type
Convertible Note
Categories
Technology, Retail, Childcare
Min Investment
$250
Location
Austin, TX
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$1.24M
No. Investors
140
Security Price
$1
Website
pinwheel.com
Number of Employees
12
Cash
$621,638
Revenue
$4,907,961
Short Term Debt
$596,117
Cost of Goods
$3,216,127
Long Term Debt
$1,914,655
Net Income
$-1,956,996

Key Deal Facts

$11,000,000+ in total revenue
Over 30,000 phones shipped
Over $4,000,000 in capital raised from VC firms (Circadian and Drumbeat Ventures) and angels.
4.7 Star Rating on 1,000+ online reviews on Google, TrustPilot, and Amazon.
Highlighted in major press outlets like the WSJ, NYT, USA Today, NBC, CBS, and The Today Show.
Massive growing consumer market for specially-designed tech options for kids & teens.

Management Team / Advisory Board Bios

Dane Witbeck CEO Dane (Georgia Tech, Stanford) is the CEO & Founder at Pinwheel. Previously, Dane co-founded Meshify, which was acquired in 2016 by a German global fortune 500 corporation, MunichRE (stock symbol MUV2.TI)., Leslie Tyler CMOLeslie (UT Austin, Berkeley) has grown B2B SaaS and B2C tech companies from zero to over $125M with multiple successful exits (IPO and acquisition). Most recently she led Marketing & Sales at Edulastic, which was acquired by GoGuardian in 2021.
Amount Raised : $1,828,651
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Security Description

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

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