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Security Type
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CAFES
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Categories
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Retail, Technology, Entertainment
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Min Investment
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$250
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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-$1.07M
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No. Investors
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123
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Security Price
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$1
- Number of Employees
- 1
- Cash
- $710,240
- Revenue
- $3,230,280
- Short Term Debt
- $2,105,604
- Cost of Goods
- $2,132,881
- Long Term Debt
- $1,377,875
- Net Income
- $-600,710
Company Description
💸 $7M+ lifetime revenue, 70%+ yearly growth
💥 Shipped 100,000+ units, most customers have 3+ products
💫 95%+ of customers use products daily
✅ Available in 250+ physical stores + growing
🏆 Won multiple Red Dot Design Awards, German Design Award
🏡 Manufactured in family-owned German lab and factory
🌱 Backed by Y Combinator, partnered w/ Sonos + Philips Hue
📈 $323 Billion total addressable market
Management Team / Advisory Board Bios
Tobias Eichenwald CEOTobias is a designers / programmer / maker who grew up building traditional building automation systems. Prior to Senic, he worked in technology companies in Germany, Mexico and Korea, has won multiple design awards and was part of YCombinator., Felix christmann Industrial Design Felix grew up in his father's carpentry studio. He moved on to study industrial design and conducted research on human computer interaction working with institutions like the German Research Center for Artificial Intelligence., Philip Michael Ides CTO, Electrical Engineer During school summer holidays, Philip would solder PCBs in his families manufacturing facilities. He later studied electrical engineering and worked for companies like Audi in China and conducted research on quantum computers in Berkeley.
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Management Team
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Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.