Worklete

An AI-powered mobile platform keeping frontline workers safe and healthy

Security Type: Crowd SAFE
Min Investment: $150
Location: Oakland, CA
Offering Date: April 19, 2021
Expected Close Date: July 31, 2021
Target Raise: $25.00K-$1.07M
Deal Notes: Price Per Share: $1.00

Company Description

Vision Accelerating growth to meet demandThe market is turning towards us and we want to seize the opportunity. To do this, in the coming months we will be focussed on:Continuing to build out our go-to-market strategy to capitalize on momentum and accelerate customer acquisition,Expanding within our current customers to capture the $31M opportunity we have identified, and Enhancing our technology - making our algorithms smarter with more dynamic data inputs.

Key Deal Facts

Broke $2.2M in ARR in Q1 2021, on track for $5M by EOY and $15M by 2022
AI-powered, personalized program to reduce frontline workers' injuries
Easily scalable tech with an average ROI to clients of 420%
Operating with 90% profit margins
Strong traction with 80% of clients re-signing or expanding contracts
Used by Penske Logistics, Dr. Pepper, CBRE, Nestle, and others
$8M raised from top-tier VCs including Trinity Ventures and Kapor Capital

Management Team / Advisory Board Bios

Benjamin Kanner, Co-Founder & CEO

James Rowley, CTO

John Leo Post, Co-Founder & Head of Product

Justin Hypes, Head of Sales

Damon Eckhoff, Head of UX Product Design

Ovais Quraishi, Head of Engineering

Deal Notes

Price Per Share: $1.00

Amount Raised : $118,896

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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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