Crowdonomics
WatchlistPortfolio
DAVENPORT SAF-T SYSTEMS

Reg CF · Convertible Note · Jun 2023

ClosedReached targetReg CFConvertible Note
via WeFunderView campaign
Raised
$81K / $124K max
65% of ceiling · target hit day 5
Investors
93
$870.4 avg
Valuation cap
$4M
cap, not an agreed valuation

Raised over time

Cumulative raisedInvestors
$102K$51K$0
97490
Jun 9, 2023 · openedDec 1, 2023 · last reading
Target ($50K) hit — Jun 14, 2023, day 5Deadline Apr 29, 2024 — 150 days out

Left axis: cumulative dollars raised. Right axis: cumulative investors. Live figures via WeFunder; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2021–FY2022 · hover for source
$0
−$9K
FY2021
$4K
−$16K
FY2022
RevenueNet income
Metric
FY2021 unaudited
FY2022 unaudited
Income statement
Revenue
$0
$4,339
Cost of goods sold
$0
$0
Gross margin
—
100%
Net income
-$9,268
-$16,277
Taxes paid
$0
$0
Balance sheet
Cash
$0
$230
Accounts receivable
$0
$0
Total assets
$8,827
$7,915
Short-term debt
$0
$635
Long-term debt
$0
$18,000
Total liabilities
$0
$18,635
Other
Headcount
—
1

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Deal terms

Valuation cap$4M ($3M early bird)

Perks

First $100K of investments will be in a safe with a $3M valuation cap and 25% discountfirst $100K

Offering details

Target$50,000
Max$124,000
Min investment$100
OpenedJun 9, 2023
DeadlineApr 29, 2024
ClosedDec 1, 2023
Days active175

Links & provenance

Campaign pageSEC filing
Source: Manual
0001670254-23-000605

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. 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.