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Security Type
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Preferred Stock
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Categories
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Retail, Technology, Entertainment, Healthcare & Medical, Sports & Fitness, Community & Lifestyle
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Min Investment
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$100
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Location
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Key Biscayne, FL
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Expected Close Date
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April 30, 2023
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Target Raise
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$50.00K-$5.00M
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No. Investors
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217
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Security Price
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$2.27
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Valuation
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$20,000,000
- Number of Employees
- 7
- Cash
- $98,084
- Revenue
- $110,589
- Short Term Debt
- $46,088
- Cost of Goods
- $38,521
- Long Term Debt
- $1,120,727
- Net Income
- $-519,514
Company Description
π Currently operating in 21 locations, with plans to reach over 750 within 18 months.
π°Every PADL station is cashflow positive!
π 37.5% month over month growth rate.
π Paddle Sports is a booming market with 51% growth -- this year alone.
β»οΈ PADL partners with organizations to host beach and mangrove cleanups to make the world a better.
π³ Our proprietary "Smart Boards with SensorTech" monitor water quality and collect valuable data.
π¦Ύ US Utility patent secured. (US Patent 10,861,087 B2)
Key Deal Facts
π Currently operating in 21 locations, with plans to reach over 750 within 18 months.
π°Every PADL station is cashflow positive!
π 37.5% month over month growth rate.
π Paddle Sports is a booming market with 51% growth -- this year alone.
β»οΈ PADL partners with organizations to host beach and mangrove cleanups to make the world a better.
π³ Our proprietary "Smart Boards with SensorTech" monitor water quality and collect valuable data.
π¦Ύ US Utility patent secured. (US Patent 10,861,087 B2)
Use of Proceeds
$49,999 |
50% towards marketing the sale of stations to B2B partners, 30% towards development of key features for B2B software, 13.5% towards free tours and lessons to drive station growth, 6.5% towards Wefunder fees
|
$4,999,998 |
50% towards new stations and equipment, 13.5% towards R&D + development team, 10% towards hiring key sales people, local operational personnel, tour guides, 10% towards sales and marketing activities (trade shows, digital ads, event based marketing), 10% towards acquisition of key locations to serve as primary sales and operational hubs, 6.5% towards Wefunder fees
|
Management Team / Advisory Board Bios
Khalil Khouri CPO/Co Founder Felipe Jauregui C))/Co Founder