PADL

πŸ„πŸ»β€β™‚οΈ The world's first self-service Paddle Sport Rental company.

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Amount Raised: $294,717
Security Type
Preferred Stock
Categories
Retail, Technology, Entertainment, Outdoors, Main Street, Recreation, Sharing economy, Health & Fitness
Min Investment
$100
Location
Key Biscayne, FL
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$5.00M
No. Investors
217
Security Price
$2.27
Valuation
$20,000,000
Website
padl.co
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

🌎 Currently operating in 21 locations, with plans to reach over 750 within 18 months.
πŸ’°Every PADL station is cashflow positive!
πŸš€ 37.5% month over month growth rate.
πŸ“ˆ Paddle Sports is a booming market with 51% growth -- this year alone.
♻️ PADL partners with organizations to host beach and mangrove cleanups to make the world a better.
🐳 Our proprietary "Smart Boards with SensorTech" monitor water quality and collect valuable data.
🦾 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



Key Deal Facts

🌎 Currently operating in 21 locations, with plans to reach over 750 within 18 months.
πŸ’°Every PADL station is cashflow positive!
πŸš€ 37.5% month over month growth rate.
πŸ“ˆ Paddle Sports is a booming market with 51% growth -- this year alone.
♻️ PADL partners with organizations to host beach and mangrove cleanups to make the world a better.
🐳 Our proprietary "Smart Boards with SensorTech" monitor water quality and collect valuable data.
🦾 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

Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

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