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PADL

Operating

PADL Holdings LLC

Sports & Recreation · Founded 2017

Self-serve paddle sport rentals

Post-money valuation ⓘ
$25.3M
As of Aug 2022 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$367,153
Across 2 rounds since 2020
Latest share price
$2.27
Reg CF · Preferred Stock · Jan 2022 offering price

Financials

FY2018–FY2022 · from SEC filings · hover any figure for its source
$100
−$29K
2018
$3K
−$40K
2019
$24K
−$214K
2020
$111K
−$520K
2021
$256K
−$371K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019 reviewed*
FY2020 unaudited
FY2021
FY2022
Income statement
Revenue
$100
$2,783
$24,498
$110,589
$256,405
Cost of goods sold
$0
$0
$7,213
$38,521
-$88,961
Gross margin
100%
100%
71%
65%
65%
Net income
-$28,891
-$39,548
-$214,390
-$519,514
-$370,819
Taxes paid
$0
$0
$0
$195,525
$0
Balance sheet
Cash
$5,741
$1,630
$5,134
$98,084
$253,555
Accounts receivable
$0
$24
$365
$3,496
$69,328
Total assets
$235,444
$311,148
$172,839
$165,037
$983,271
Short-term debt
$33,205
$53,133
$83,156
$46,088
-$62,719
Long-term debt
$94,682
$183,575
$215,480
$1,120,727
-$1,617,500
Total liabilities
$127,887
$236,708
$298,636
$1,166,815
-$1,680,219
Other
Headcount
—
3
3
—
7

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$5.0M
Valuation cap
$25.0M
pre-money
Reg CF · Note · Dec 2020
Reg CF · Preferred · Jan 2022

Blue bars are the pre-money valuation the company stated for a priced round. Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth, so don't compare them with the other bars.

Cap table

Principal holders% as the filing states it, Apr 26, 2023

  • Andres Avello24.7%of company
  • Felipe Jauregui24.7%of company
  • Khalil Khouri24.7%of company
  • Susana Leal-Khouri24.7%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $252K / $5MInvestors 234Post-money $25.3M
Raised $115.2K / $1.1MValuation cap $5M

Team

3 people
Andres AvelloFounder
CEO/Co-Founder
Felipe JaureguiFounder
COO/Co-founder
Khalil Khouri
CPO

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 2 of 6 annual reports (FY2020–FY2025)

234 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-ARApr 26, 20230001831335-23-000002
    EDGAR
  • Form C/AApr 21, 20220001670254-22-000372
    EDGAR
  • Form CNov 30, 20210001670254-21-001329
    EDGAR
  • Form C-ARApr 30, 20210001831335-21-000002
    EDGAR
  • Form C-UFeb 24, 20210001831335-21-000001
    EDGAR
  • Form CDec 11, 20200001831335-20-000001
    EDGAR
Source: ManualCIK 0001831335Share price $2.27

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.