SeedInvest
04/27/2021
07/10/2021
$25,000
$1,000,000
$1,000
Convertible Note
RegCF / RegD 506(C)
Pre-Seed
$3,300,000
20%
Rolling Commitments $
Active
04/28/2021
73
0%
0%
$0
Boulder, Colorado
Transportation, Automotive, Aviation, & Aerospace
AutomationTech
B2C
Medium
High
Growth
Driven Technologies, with a valuation cap of $3.3 million, is raising funds on SeedInvest. The company has built a patented and award-winning replacement for greasy bike chains with its Driven bike drivetrain sets. The Driven System is simple, affordable, visually stunning, and mechanically and aerodynamically efficient. Jason Smith founded Driven Technologies in November 2020. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,000,000, and the proceeds will be used for product development, sales and marketing, manufacturing, and G&A. Driven Technologies has multiple granted and pending patents in the US, Asia, and Europe, and received the Innovation Award at EuroBike 2018.
Summary Profit and Loss Statement
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
|
|
||
|
|
||
|
Net Income |
$-2,483 |
$0 |
Summary Balance Sheet
|
Cash |
$2,917 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,917 |
$0 |
|
Short-Term Debt |
$5,300 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$5,300 |
$0 |
