-
Security Type
-
SAFE
-
Categories
-
Entertainment, Technology, Retail, Financial Services
-
Min Investment
-
$100
-
Offering Date
-
August 14, 2018
-
Expected Close Date
-
April 30, 2022
-
Target Raise
-
$50.00K-$5.00M
-
No. Investors
-
81
-
Security Price
-
$1
-
Deal Notes
-
- Future Equity (Wefunder SAFE)
- $20M valuation cap
- 10% discount
- $25K+ pro rata right threshold
- A SAFE gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $20M in the future.
- Number of Employees
- 40
- Cash
- $3,043
- Revenue
- $2,201,273
- Short Term Debt
- $1,204,183
- Cost of Goods
- $465,621
- Long Term Debt
- $1,978,519
- Net Income
- $-369,165
Company Description
WhiteClouds is 3D Printing in the Cloud for businesses. We provide an ecosystem for businesses to enable the creation of personalized products for their customers. Instead of focusing on creating product prototypes like many of our competitors, we focus on the end consumer product. A few examples: - We work with builders, architects, and developers to create extremely detailed, physical architectural models for each customer’s new home or building prior to construction.
Key Deal Facts
$8.4 Million in Revenue Since Inception
3DaaS Software Platform
Acquired Software 3D Printing Companies: Sandboxr and 3DPlusMe
Two Pending Patents
After a successful 18 month trial, signed contract to provide patient-specific 3D printed Veterinary models with largest Veterinary platform (1,870 veterinary surgical centers)
New Customers Include: Largest Anatomical Models Supplier and two of the Largest Healthcare3D Visualization Developers in the US and Europe (Medical Imaging Software used by 6,300 Healthcare providers)
Customers Include: 2nd, 3rd, and 9th Largest Video Game Publishers
Gross Profit margin improved from 53% to 67% over the last 4 quarters
Use of Proceeds
If we raise: $100,000
- Use of Proceeds: 96% We will expand our sales and marketing efforts. 4% Wefunder Intermediary fee
If we raise: $650,000
- Use of Proceeds: 96% Additional 3D Equipment Purchases. 4% Wefunder Intermediary fee
If we raise: $1,070,000
- Use of Proceeds: In addition to above, 38.3% of this funding will cover general operations until potential follow-on financing of a Series-A equity investment is obtained. 4% Wefunder Intermediary fee
Management Team / Advisory Board Bios
Jerry Ropelato
CEO
30 years in internet media, tech product development, and manufacturing. Founder of $130M Purch.
Joey Skinner
Chief Operating Officer
Over 30 years experience in software, manufacturing, and executive management. He has been involved with large public companies and enjoys the agile atmosphere of technology start-ups.
Dave Forsberg
Chief Revenue Officer
25 yrs in sales & marketing. Led Marketstar to $325M in annual revenue as EVP Business Development.
Deal Notes
- Future Equity (Wefunder SAFE)
- $20M valuation cap
- 10% discount
- $25K+ pro rata right threshold
- A SAFE gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $20M in the future.