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PaidWorkout

Operating

PaidWorkout Corp.

Software & AI · Miami Beach, FL · Founded 2020

The fitness motivation app that's gamified wellness

Post-money valuation ⓘ
$5.2M
As of Apr 2022 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$166,004
Across 1 round since 2021
Latest share price
$0.65
Reg CF · Class B Common Stock · Oct 2021 offering price

Financials

FY2019–FY2021 · from SEC filings · hover any figure for its source
$0
2019
$330
−$65K
2020
$55K
−$830K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed*
FY2020 reviewed*
FY2021
Income statement
Revenue
$0
$330
$54,705
Cost of goods sold
$0
$65,045
$884,986
Gross margin
—
-19611%
-1518%
Net income
$0
-$64,715
-$830,281
Taxes paid
$0
$0
$0
Balance sheet
Cash
$0
$0
$99,401
Accounts receivable
$0
$0
$0
Total assets
$0
$52,525
$99,660
Short-term debt
$0
$117,240
$895,255
Long-term debt
$0
$0
$0
Total liabilities
$0
$117,240
$895,255
Other
Headcount
—
4
0

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
pre-money
Reg CF · Class B Common · Oct 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Fundraising history

Raised $166K / $1.1MInvestors 28Post-money $5.2M

Team

4 people
Michael BluesteinFounder
Director COO Co-founder

A senior corporate and securities lawyer with 15 years of experience; Michael is a business leader whose strengths include drive for results, strategic thinking and superior client service. With extensive tech company experience, including founding and exiting an app, Michael’s corporate finance, operations experience and technical knowledge is second to none. Michael is also on the board of the Canadian Securities Exchange bringing deep knowledge about corporate matters and raising capital.

Nicole PekermanFounder
Director, Co-founder & CEO

A passionate leader and senior executive with incredible drive for results, consumer savvy and creative prowess growing brand and business for 2 decades in tier 1 CPG and QSR organizations running billion dollar Global brands such as Philadelphia Cream Cheese, DiGirono Pizza, Wonder Bread, Blue Box Mac N Cheese, Kraft Dressings, and Tim Hortons Strong background in strategic branding, product development, pricing, PNL management, innovation strategy and execution, consumer insights, brand foundations, IMC strategy and creative development, and fostering collaborative and passionate teams

Kamil Chmurzynski
Head of Mobile Development

A senior software engineer who has a passion for mobile and game app development. He started programming in high school, which eventually led to him studying computer science at Oxford University (MSc). Of the apps he's done, he's proudest of a game similar to Clash of Clans and another one like FarmVille. He worked in many roles—from leading teams, unit and UI testing, to making back ends.

Milan Poliak
Head of Platform Development

Passionate about writing clean, well-tested, and maintainable code following the best practices. Proficient in several languages and paradigms, as well as AWS. He would characterize himself as an entrepreneur, but he's also successfully occupied the roles of project manager and full-stack engineer. Along with a decade of experience, Milan brings a solid academic background with his computer engineering degree.

Names and titles as disclosed on StartEngine, 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 1 of 5 annual reports (FY2021–FY2025)

28 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-ARMay 2, 20220001665160-22-001495
    EDGAR
  • Form C-UApr 22, 20220001665160-22-000722
    EDGAR
  • Form C/AOct 21, 20210001665160-21-001858
    EDGAR
  • Form COct 19, 20210001665160-21-001835
    EDGAR
Source: ManualCIK 0001887452FLShare price $0.65

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.