Reinventing air conditioning, one room at a time.Kapsul is building one of the first premium home-climate brands in the world with high-design products that are smart, connected, and better for the planet. Our first product, the Kapsul W5, is a connected air conditioner that Tech Insider called “The solution to air conditioners we’ve all been waiting for” and that has pre-sold over 9,000 units.The Kapsul W5 is a 5,000 BTU connected window air conditioner that’s half the height and quieter than traditional units. The W5 is safe, easy to install, Wi-Fi enabled, connects to a mobile app for iOS and Android, and integrates with Alexa, Nest, and Google Home. As an early mover in this category, we have a robust patent portfolio with eight patents filed, and three granted to date.In terms of ma... [Read More]
Preferred securities are a type of investment that generally offer higher yields than traditional fixed.
October 12, 2018
January 10, 2019
Kapsul’s founder, CEO, and lead engineer Kurt Swanson has been obsessed with thermodynamics for as long as he can remember. Kurt is a mechanical engineer by training and got his start at the Boeing Corporation where he worked on the 787 among other projects. He left Boeing to start Likuma Labs, a product design firm that became well known for making premium connected products. Kurt provides the vision for our product lineup across heating and cooling.
Kapsul’s CTO Don Pancoe is a PE electrical engineer with an MS in industrial design who has deep experience in connected device architecture and systems design earned working in transportation and power infrastructure for organizations such as Amtrak, SEPTA (Positive Train Control), Metro-North Railroad, and Metrolink. Don has 20-years experience with a background that spans all the functional areas of the company from design to engineering.
Kapsul COO Chris B. Myers, was backer #207 a full year before he joined Kapsul to provide our go-to-market strategy. Chris has over 20 years of experience in high growth companies bringing new technology products to market, has raised funding rounds from seed through exit, built several best of breed business’, sold the technologies developed to market leaders, and has deep experience in customer acquisition earned running campaigns for brands like Nordstrom, Mac and PC Mall, Gateway, HP, Autotrader, ProFlowers, and De Beers.
Round type: Seed Round size: US $6,000,000 Minimum investment: US $1,000 Target Minimum: US $1,000,000 Security Type: Preferred Equity Share price: US $1.4377 Pre-money valuation: US $15,000,000 Option pool: 5.0% Is participating?: False Liquidation preference: 1.0x Closing conditions: While Kapsul has set an overall target minimum of US $1,000,000 for the round, Kapsul must raise at least US $25,000 of that amount through the Regulation CF portion of their raise before being able to conduct a close on any investments below $20,000. For further information please refer to Kapsul's Form C. Regulation CF cap: While Kapsul is offering up to US $6,000,000 worth of securities in its Seed, only up to US $1,070,000 of that amount may be raised through Regulation CF. Transfer restrictions: Securities issued through Regulation CF have a one year restriction on transfer from the date of purchase (except to certain qualified parties as specified under Section 4(a)(6) of the Securities Act of 1933), after which they become freely transferable. While securities issued through Regulation D are similarly considered "restricted securities" and investors must hold their securities indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available. Raised to date: US $3,439 US $3,439 (under Reg CF only)
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