We’ve started our invite-only pre-seed funding round with a small group of private investors with personal ties to the founding team. Rather than place set boundaries on this round, we’ll be raising funds on an as-needed basis using convertible notes, until we’ve reached a point where can hold an official seed round.
Our goal is reach 500 daily active users before raising our seed round and we anticipate reaching this point before the end of 2021. Our beta currently has 25 users, but we have over 50 users in our waitlist ready to begin using PowrLine once our Android and iOS apps launch in their respective app stores on May 1st, 2021. We’ll be taking the month of May to provide in-depth support to these next 50 users to ensure the best possible experience and to fix bugs.
We plan to open up our beta to anyone else on our waitlist, as well others (by invitation of an existing user), on June 1st, 2021.