Digital Dream Labs
Based in Pittsburgh, PA, Digital Dream Labs (DDL) is a consumer electronics company which develops patented, industry-leading personal robots and hands-on STEM education video games. DDL makes learning 21st century skills fun while reducing educational inequities in schools.DDL's products satisfy the need for engaging, language and system-agnostic solutions that allow children of all ages to have fun while learning 21st century skills (communication, collaboration, creativity and computational thinking). With an experienced team and an exciting product roadmap that has the pot...
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- Security Type
Secured debt is debt backed or secured by collateral to reduce the risk associated with lending. If the borrower on a loan defaults on repayment, the debt holder can seize the collateral, sell it, and use the proceeds to pay back the debt. Assets backing debt or a debt instrument are considered as a form of security, which is why unsecured debt is considered a riskier investment than secured debt.
- December 29, 2020
- March 09, 2021
CrowdLustro Research Report
Investment Multiple: 1.8x (Ex: If you invest $10,000 you will receive a repayment of $18,000 if the note is paid as agreed)
Term Length: 5 years, with a balloon payment, if the full repayment is not returned within the 60 months
Repayment Terms: Digital Dream Labs makes monthly payments, distributed to investors quarterly
Revenue Percentage: Varies from 1% to 1.5% based on the total amount raised in the campaign. See Financial Summary for details.
Minimum Payment: Regardless of monthly revenue, Digital Dream Labs will pay a minimum of 1.0% of total funds raised
Securitization: Yes; blanket lien on assets of the company
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