Our Valuation & Comparisons in the Smart Home Industry

We’ve received a lot of questions about our equity crowdfunding campaign, which has been live now for a couple months. A lot of these questions have centered around our valuation, so I wanted to put together a blog post where I can take some time to do a deep dive.

The global Smart Home industry totaled $158 billion in 2018, and is expected to grow to $262.6 billion by 2025. Our segment of the smart home industry is still in its infancy. The smart shade market totaled $162 million in 2019 but is projected to grow to nearly $1.5 billion by 2024.

Over the last decade or so, numerous smart home startups have raised significant capital in their Series A phase:

During their financing rounds, these companies’ valuations were projected anywhere from the tens of millions to the billions:

And as the smart home industry has matured, the market has seen some really big exits, with numerous acquisitions by giant tech companies. Assay Abloy acquired August Lock. Google acquired DropCam for $550 million and Nest for a whopping $3.2 billion. And Amazon has been on a tear lately, having acquired Blink for $90 million, and more recently Ring for $1.2 billion.

We’ve raised over $4.5 million in financing to date from some really great investors. While we’re raising capital through ordinary investors like yourself, we’ll also continue to collaborate with the VC funds, incubators, tech accelerators, and angels that will help provide the resources and advisory services we’ll need to continually level up as a business.

We’re so excited to be building a team of investors and we want you to take part. Remember – if you invest more than $2,500, you’ll receive a complimentary SmartShade. And there are of course more substantial product perks for larger investments.

RYSE Featured on The Mapable Podcast

Want to learn more about RYSE, our raise, and equity crowdfunding in general?

I recently sat down with Mapable to give them a step-by-step primer on how we launched our Regulation A+ campaign.

The Mapable podcast has extensive thought leadership in crowdfunding, disruptive technologies, investing, and more. 

This is why I was so excited to be invited to speak about equity crowdfunding, all things IoT, smart home devices, and RYSE with their hosts a few weeks ago. 

Check out the podcast episode and blog post here.

The episode just aired, and I hope you enjoy listening as much as I enjoyed the discussion.

Want to join RYSE as an investor?

Head to our raise page and download our pitch deck.

2 Days Left For Canadians to Invest in RYSE Inc.

With the close of our equity crowdfunding campaign, in just a couple of days, we wanted to remind you of some of the key terms of the offering:

  • $750 minimum investment
  • $9.48 price per common share
  • Pre-money valuation of $42.6M

You have until 11:59 ET on April 30 to invest in this round at these offering terms. Do let us know if you have any questions by replying to this email. Or, if you would like to schedule a 15-minute call with me, do so here.

As an investor, you’ll be joining an team that includes some of the top tech incubators, accelerators, and angel investors in Canada:

Our goal with this equity crowdfunding campaign is to not only raise capital to advance our business efforts. We are also determined to attract a large contingent of brand advocates that will help promote RYSE and in turn benefit from the company’s growth.

If you’re ready to invest a minimum of $750, click here to visit the RYSE campaign on FrontFundr.

All the best,

Turng Pham

Only 1 Week Left For Canadians to Invest in RYSE Inc.

Next week our equity crowdfunding campaign in Canada is scheduled to close at 11:59 ET on April 30. So today, I wanted to take a moment to answer some of the questions that we’ve received on our raise.

A lot of these questions have centered around our valuation, which I want to take some time here to deep dive on.

The global Smart Home industry totaled $158 billion in 2018, and is expected to grow to $262.6 billion by 2025. Our segment of the smart home industry is still in its infancy. The smart shade market totaled $162 million in 2019 but is projected to grow to nearly $1.5 billion by 2024. 

Over the last decade or so, numerous smart home startups have raised significant capital in their Series A phase:

And as the smart home industry has matured, the market has seen some really big exits, with numerous acquisitions by giant tech companies. Assay Abloy acquired August Lock. Google acquired DropCam for $550 million and Nest for a whopping $3.2 billion. And Amazon has been on a tear lately, having acquired Blink for $90 million, and more recently Ring for $1.2 billion.

We’re so excited to be building a team of investors and we want you to take part. Remember – if you invest more than $2,500, you’ll receive a complimentary SmartShade. And there are of course more substantial product perks for larger investments. Learn more and invest on frontfundr.com/ryse before it’s too late. You have just one week left to be a part of the smart home revolution!

And if you have any questions about your role as an investor, or about RYSE’s plans for growth, you can schedule a 15-minute call with me here.

All the best,

Trung Pham

Announcing Additional Cleantech Grant Funding!

We are excited to announce an additional CDN$192,961 in cleantech grant funding from the Sustainable Development Technology Canada (SDTC), bringing us to a total of CDN$4.05 million in funding from SDTC. 

Continue reading to learn more about the SDTC and how we plan to use this additional funding to achieve our vision to put a RYSE product on every window shade.

What Is SDTC

SDTC is a Canadian organization that helps clean technology companies develop and deploy competitive, environmentally friendly solutions to help solve some of the world’s most pressing environmental challenges: climate change, air pollution, water contamination, and more.

Continue reading “Announcing Additional Cleantech Grant Funding!”

RYSE Now Accepts Crypto Investments!

We’re excited to announce that we are now accepting Bitcoin, Ethereum, Bitcoin Cash, and Litecoin crypto as currency for investments in our Reg A+ campaign

As you’re probably aware, cryptocurrency is increasingly becoming mainstream and seen as a legitimate payment method, most notably in the eyes of large companies like Tesla.

As forward-thinkers, and innovators ourselves, we feel it’s vital to adapt to digital transformation and new technologies like crypto, which is why my team and I have been working relentlessly to make Bitcoin, Ethereum, Bitcoin Cash, and Litecoin a viable payment option. 

Interested?

Continue reading “RYSE Now Accepts Crypto Investments!”

Lead Investor Explains Why He Invested In RYSE

Hi there!

Our Reg A+ campaign is gaining momentum and has garnered the attention of past investors. Some have even been kind enough to leave us a video testimonial on why they invested. 

We recently met with Jeffrey Potvin, the Founder and General Partner of the Supporters Fund

With over 20 years of experience in the tech space, Jeffery and his team at the Supporters Fund are selective when it comes to making choice investments. Out of 300 applicable companies they see every month, his team only chooses the top 2%. That’s only one to four companies a month that fit their criteria for growth acceleration and investment. 

Continue reading “Lead Investor Explains Why He Invested In RYSE”

Upcoming #PitchItSkiptheLine Event on March 25th!

Watch the RYSE founder/CEO, Trung Pham, present at the #PitchItSkiptheLine event online this Thursday at 2 pm EST!

#PitchItSkiptheLine is an exclusive closed pitch event, that includes top Angels and Investors, that has been put together by Open People Network (OPN), the City of Toronto, and StartupHERE Toronto.

To learn more about this event and register to secure you spot, check out the event page here.

Trung is looking forward to answering any questions you might have about RYSE and our investment opportunity.

Continue reading “Upcoming #PitchItSkiptheLine Event on March 25th!”