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Pigeonly

Operating

Pigeonly, Inc.

Software & AI · Las Vegas, NV · Founded 2013

Veteran-founded
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Valuation cap ⓘ
$15.0M
As of Mar 2018 · from Reg CF Offering (2018) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$7,005,146
Crowd $123K · Private $6.9M · 8 rounds since 2013

Financials

FY2015–FY2021 · from SEC filings · hover any figure for its source
$1.7M
$989K
2015
$1.9M
$1.0M
2016
$1.7M
−$1.0M
2017
$1.9M
−$437K
2018
$1.6M
−$1.0M
2019
$1.6M
−$1.0M
2020
$1.8M
−$2.3M
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2015 reviewed*
FY2016 reviewed*
FY2017
FY2018
FY2019
FY2020
FY2021
Income statement
Revenue
$1,747,702
$1,856,804
$1,740,725
$1,919,552
$1,560,482
$1,560,482
$1,813,577
Cost of goods sold
$719,331
$690
$690,357
$626,124
$683,653
$683,653
$871,387
Gross margin
59%
100%
60%
67%
56%
56%
52%
Net income
$989,363
$1,033,711
-$1,023,605
-$436,973
-$1,031,622
-$1,031,622
-$2,315,529
Taxes paid
$32,197
$4,617
$70,762
$3,722
$20,659
$20,659
$15,382
Balance sheet
Cash
$93,362
$101,637
$101,016
$50,465
$269,135
$269,135
$478,118
Accounts receivable
$0
$412
$412
$0
$17,594
$17,594
$0
Total assets
$469,561
$252,082
$291,810
$97,206
$282,535
$282,535
$527,288
Short-term debt
$126,792
$126,400
$620,691
$238,715
$261,931
$261,931
$436,539
Long-term debt
$2,506,120
$3,289,573
$3,289,573
$3,962,220
$5,392,220
$5,392,220
$2,738,935
Total liabilities
$2,632,912
$3,415,973
$3,910,264
$4,200,935
$5,654,151
$5,654,151
$3,175,474
Other
Headcount
—
18
—
16
16
—
24

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

Valuation caps on SAFE / convertible note rounds
$15.0M
Valuation cap
Reg CF · SAFE · Feb 2018

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Cap table

Share counts as of Dec 31, 2017
ClassOutstandingVotes / shareShare of totalLast price
Preferred stockpreferred4,892,891—100.0%—

Principal holders% as the filing states it, May 3, 2021

  • Frederick Hutson28.3%of company
  • Alfonzo Brooks24.3%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

Rule 506(b) · Dec 2022Closed
Raised $450KInvestors 3
Rule 506(b) · Aug 2019Closed
Raised $750KInvestors 1
Reg CF · SAFE · Feb 2018Closedvia Republic
Raised $122.6K / $250KInvestors 155Valuation cap $15M
Rule 506(b) · Jan 2017Closed
Raised $717.5KInvestors 6
Rule 506(b) · Apr 2015Closed
Raised $2.5MInvestors 23
Rule 506(b) · Equity · Nov 2014Closed
Raised $600KInvestors 2
Rule 506(b) · Equity · Mar 2014Closed
Raised $1MInvestors 6
Reg D · Debt · Jun 2013Closed
Raised $875KInvestors 7

Team

1 person
Frederick Hutson
Chief Executive Officer

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 3 of 9 annual reports (FY2017–FY2025)

155 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

View all 16 filings on EDGAR
  • Form DJun 26, 20230001580960-23-000002
    EDGAR
  • Form C-ARMay 3, 20210001580960-21-000004
    EDGAR
  • Form C-ARApr 30, 20200001580960-20-000001
    EDGAR
  • Form DAug 14, 20190001580960-19-000003
    EDGAR
  • Form C-ARApr 30, 20190001580960-19-000002
    EDGAR
  • Form C-UMay 30, 20180001580960-18-000003
    EDGAR
  • Form CFeb 9, 20180001580960-18-000001
    EDGAR
  • Form D/AAug 1, 20170001580960-17-000004
    EDGAR
Source: SEC EDGARCIK 0001580960DELast synced Aug 17, 2026

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.