Data / Crowdfunding / Colorado / Driven Technologies, Inc.
Driven Technologies, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $618,000 (2023)
Driven Technologies, Inc., a corporation in Boulder, CO, filed a Form C with the SEC on December 6, 2023 to raise $50,000 to $618,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $0 in revenue and a net loss of $933,020, with 3 employees.
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- Website
- madebydriven.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2840 Wilderness Pl Suite G, Boulder, CO 80301
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 6, 2020
- SEC CIK
- 0001852231
Offering terms
From the amendment filed December 6, 2023.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $618,000
- Deadline
- April 29, 2024
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C/A filed December 6, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-933,020 | $-365,344 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $842,453 | $1,083,764 | sec.gov |
| Cash | $156,674 | $555,647 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $932,207 | $5,667 | sec.gov |
| Long-term debt | $722,387 | $956,342 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 6, 2023 | Amendment | $50,000 | $618,000 | April 29, 2024 | Adding VIP terms | sec.gov |
| October 16, 2023 | Amendment | $50,000 | $618,000 | April 29, 2024 | Disclosing that Brian Baker has left the company. | sec.gov |
| August 17, 2023 | Amendment | $50,000 | $618,000 | April 29, 2024 | Increasing Early Bird cap to $600K | sec.gov |
| August 8, 2023 | Offering | $50,000 | $618,000 | April 29, 2024 | sec.gov | |
| May 20, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| June 24, 2021 | Progress update | $25,000 | $1,000,000 | June 5, 2021 | The issuer raised approximately $999,977.42 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| May 27, 2021 | Amendment | $25,000 | $1,000,000 | June 5, 2021 | This Form C Amendment is being filed for the sole purpose of providing notification that the Company intends to conduct an early completion of their Combined Offerings per the date specified below. | sec.gov |
| April 19, 2021 | Offering | $25,000 | $1,000,000 | July 10, 2021 | sec.gov |
Updated December 6, 2023. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.