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Wayzn isn't accepting new investments

Wayzn’s deadline was December 17, 2020

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Logo of Wayzn

Wayzn

Leading the way in smart door and window technology
Smart Devices Hardware B2C
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Featured image of Wayzn
$126,361
Raised
234
Investors
Successfully funded and closed on December 17, 2020.
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Pitch Updates 11 Reviews 57
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Closed on December 17, 2020. Information may not be up-to-date. Campaign closed on December 17, 2020. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Wayzn, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Wayzn Crowd SAFE Wayzn Form C.pdf
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Hear from some of the 234 investors in Wayzn


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Highlights


  • Innovative smart door and window products for the home and business
  • Winner of 7 awards, including CTA 2020 Smart Home Mark of Excellence Award
  • Safe and secure integrated technology platform with advanced AI learning
  • Over 3,000 orders taken; now shipping with high customer satisfaction
  • Projected $77 million in revenue by end of 2024

Problem


Windows and doors have been left behind by advances in smart technology

While smart technology races forward, few options exist for door and window control. Antiquated door and window technology costs people time and money.

Today, dog owners must return home frequently to give their pets exercise and avoid accidents, or employ a pet door that is unsightly, poorly insulated and a security risk.

And without the ability to automatically ventilate buildings based on outside temperature, families and businesses are missing a significant energy-saving opportunity.

Even though the utility of smart doors and windows is obvious, manufacturers have been slow to respond. To remain competitive, these companies must evolve, and currently they lack options to license and embed smart capabilities.

Solution


Wayzn: Freedom for people and their pets

Wayzn is leading the transformation toward windows and doors that open and close intelligently, without manual intervention. Our first product, Wayzn for Doors, gives people the freedom to let their dog out from anywhere, anytime. 

Wayzn for Windows will enable millions of people to ventilate homes and commercial buildings automatically to improve comfort while saving energy.

Wayzn's technology can be implemented in DIY consumer products, or embedded in doors and windows during the manufacturing process.

Product


Introducing... the smart door

Wayzn for Doors turns your existing sliding glass door into a smart, automatic pet door.

Save time and money

Your browser does not support HTML5 video.No more planning your schedule around your pet’s potty breaks, or needing to pay a dog walker to let your pet out. Wayzn gives you full control of your sliding glass door wherever you are.

Installs in minutes

Your browser does not support HTML5 video.Say goodbye to ugly, permanent pet doors forever. Wayzn works with standard sliding glass doors, and can be installed in minutes. It can also easily be removed and moved from door-to-door.

Conveniently folds away

Your browser does not support HTML5 video.Wayzn effortlessly folds up and out of the way when not in use. When you’re ready to use it again, simply fold it down. It’s that simple.

Traction


Thousands sold in the U.S.

In just over two years Wayzn has gone from idea to smart door market leader. Since our initial patent filing in early 2018 we've developed the technology platform, manufacturing and operations necessary to put Wayzn in the hands of thousands of customers.

Product/market fit is already well-established

  • Funding goal reached on Indiegogo in under 7 hours
  • Over 3,000 orders taken to-date
  • Winner of 7 industry awards in 2020
  • Covered by over 60 media publications

Operations are up and running

  • Supply chain sourcing is established
  • U.S. and offshore manufacturing is ready to scale
  • Fulfillment and customer support already running smoothly

Generating significant revenue

  • Over $220k raised on Indiegogo
  • More than $445k in direct sales
  • Top line more than doubled each of past two years

Advanced technology fully developed

  • Industry-leading security architecture
  • AI to adapt automatically to different doors/conditions
  • Heavy investment across the overall solution to maximize safety and security
  • Non-provisional design and utility patent applications filed

Customers


Customers love Wayzn

Business model


$77M in revenue by 2024

Wayzn will reach its revenue target with three revenue streams:

1. Product sales

We are already selling Wayzn for Doors, utilizing direct sales channels exclusively. We will begin selling add-on products to existing customers later this year, and introduce Wayzn for Windows in 2021.

2. Services subscriptions

After achieving sufficient consumer adoption we will introduce subscription services for specific integrations, and for commercial applications in general. 

3. Technology licensing

The bulk of our revenues will come in the form of embedded technology sales and licensing. We are already receiving inquiries. 

Market


A $160B market opportunity

Windows and doors represent a $160+ billion market that is ripe for technological advancement.

  • 85 million households with a sliding door and a dog

  • 600 million households with sliding windows

  • 400 million residential sliding windows/doors made every year

Competition


In front of an emerging market

Despite the fact that door automation technology has been used successfully in commercial applications, prior attempts to enter the residential market have met with limited success.

Wayzn for Doors is positioned to succeed because it was designed from the ground up as a smart product, it can be installed in minutes with just a screwdriver, and it costs less than half the price of other after-market products.

The positive consumer and industry response to Wayzn for Doors is proof that it fills an unmet need. We expect Wayzn for Windows to launch with little or no competition, and provide an even stronger value proposition to a significantly larger audience.

Vision and strategy


Bringing windows and doors into the future

Wayzn is leading the way to a future where windows and doors intelligently open and close to provide ventilation and access, significantly increasing freedom, efficiency and comfort.

We will continue to expand our direct-to-consumer product and service offering, making it extremely easy to transform existing windows and doors into smart, automated entry and ventilation points.

Next year we will make this same technology available to manufacturers in both retrofit and embedded forms, and we are already entertaining discussions. 

Funding


$550K raised to date

Our ability to generate revenue early and consistently has enabled Wayzn to get far with relatively little outside investment. The founders are the largest investors to date, supplemented with limited angel and F&F investment.

Founders


Co-founders + bros = "Brofounders"

One snowy night on a ski trip to Lake Tahoe, after spending a small fortune to board the dogs, we had a crazy idea. Mike said to his brother-in-law Adam, "What if we could let our dogs out using our sliding patio doors when we weren't home?" And the rest, as they say, is history.

Mike Demele

Mike has a computer science background and 30 years of experience in enterprise and mobile software development. He spent much of his career overseeing new product introductions at Peoplesoft and Oracle for Fortune 500 customers. Before starting Wayzn he co-founded LifeSaver, a leading mobile technology company that helps commercial fleets prevent distracted driving.

Adam Smithline

Adam studied business and is an entrepreneur who left Autodesk in 1996 to join his first startup, PointCast. Since then he's helped lead multiple startups and oversaw direct marketing for RHI, a $3B services company.  Before starting Wayzn he co-founded LeapFrogBI, a leading analytics services firm.

Deal terms


Valuation cap

$14,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

0%

If a trigger event for Wayzn occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$150

The smallest investment amount that Wayzn is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Wayzn needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Wayzn, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Wayzn Crowd SAFE Wayzn Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Wayzn.
Invest
$150
Receive
  • 10% off one Wayzn for Doors
Invest
$500
Receive
  • 25% off one Wayzn for Doors
Invest
$1,000
Receive
  • 50% off one Wayzn for Doors
Invest
$10,000
Receive
  • One free Wayzn for Doors
  • One free Wayzn Pet Tag (before public release, estimated Q1 2021)
Invest
$50,000
Receive
  • One free Wayzn for Doors
  • One free Wayzn Pet Tag (before public release, estimated Q1 2021)
  • One free Wayzn for Windows (before public release, estimated 2021)
  • Your name listed as an investor on our website

Why others invested

See all reviews (0) See all (0)

With over 3000 orders already taken, and projections to reach $77M in revenue by the end of 2024, CHEX the Dalmatian advised me to invest in Wayzn, paws down. #CHEXitOUT

Profile picture of Kathryn Cartini
Kathryn Cartini
Active investor
almost 5 years ago

Smart technology will continue to grow and advance. Having technology to open and close doors remotely especially for pets will be something that will catch on and grow in popularity.

Profile picture of Tony James
Tony James
Active investor
over 4 years ago

I had intended on buying your product but it was too late to market and our needs for the service dog for my son changed where we could not readily utilize the slider type technology offered at the time. We still liked your company and processes to date. When we saw we could share in the opportunity we quickly seized it!

Profile picture of Johnny Miullo
Johnny Miullo
Value-add investor
almost 5 years ago

About Wayzn

Legal Name
Wayzn, Inc.
Founded
Jul 2018
Form
California Corporation
Employees
0
Website
wayzn.com
Social Media
Headquarters
Google Map location of of Wayzn
1669 Hollenbeck Avenue , Sunnyvale, CA
Headquarters
1669 Hollenbeck Avenue, Sunnyvale, CA, United States 94087

Wayzn Team
Everyone helping build Wayzn, not limited to employees

Profile picture of Mike Demele
Mike Demele
Brofounder
Co-founder @ LifeSaver, Director @ Oracle, Director @ Peoplesoft,
Profile picture of Adam Smithline
Adam Smithline
Brofounder
Co-founder @ LeapFrogBI, Co-founder @ Opticity, VP @ Buongiorno, Director @ RHI, Director @ fusionOne, VP @ everyone.net
Profile picture of Hari Prasad
Hari Prasad
Tech Lead
Founder @ TenX Innovations, Engineer @ GainSpan, @ Qualcomm, @ Rhythm Engineering
Profile picture of Simon Milner
Simon Milner
Advisor
Co-founder, Petzilla (sold to Wagz), GM @ Marvell Technology Group
Profile picture of Paul Jones
Paul Jones
Advisor
Founder and CEO Patriot Memory (acquired)
Profile picture of Frank Kull
Frank Kull
Advisor
Head of Operations @ Cisco, @ Google
3 more team members
Mike Demele
Brofounder
Adam Smithline
Brofounder
Hari Prasad
Tech Lead
Simon Milner
Advisor
Paul Jones
Advisor
Frank Kull
Advisor

Press

Open Sliding Doors Remotely With the Wayzn Sliding Glass ...
Digital Trends Digital Trends
·
Jan 22, 2020

The Wayzn Sliding Glass Door Opener was a big hit at CES 2020 for its innovative design and function. It can open sliding...

Wayzn is a smart sliding glass door opener for your pets ...
Tech Guide Tech Guide
·
Jan 16, 2020

Pet owners will know their dogs and cats like to come in and out of the house often but leaving the door open constantly ...

9 Home Gadgets From CES 2020 You Won't Want to Miss
Dwell Dwell
·
Jan 13, 2020

Taking the technology out of tech was a clear theme at this year's CES-the world's largest consumer electronics trade sho...

10 Best Tech Products at CES 2020 | Man of Many
Man of Many Man of Many
·
Jan 9, 2020

The Consumer Electronics Show (CES) is Christmas for the tech world where hundreds of companies converge in Las Vegas to ...

Can tech simplify a person's life? In our evolving digita...
ConsumerAffairs ConsumerAffairs
·
Jan 9, 2020

During ConsumerAffairs' trip to the Consumer Electronics Show (CES), we were reminded that the cornucopia of consumer tec...

CES 2020 highlights: 10 revolutionary new products you to...
BGR BGR
·
Jan 8, 2020

CES 2020 is in full swing right now, and this year's show promises to be the biggest event yet. More than 100,000 people ...

CES 2020: Smartest Connected Doggy Door Yet - SmartHouse
SmartHouse
·
Jan 8, 2020

CES 2020 has seen the world's most impressive technological developments from across the globe - the latest being an app-...

CES 2020 preview - What's new for Samsung, LG, Honda and ...
Komando.com Komando.com
·
Jan 5, 2020

It's a new year, and with that comes a slew of new technology, gadgets and product announcements. And for the best of all...

This smart sliding glass door is a lazy pet parent's dream
Reviewed Smart Home Reviewed Smart Home

Long days at the office can be tough on your four-legged best friend, who have no one there to let them outside for a pot...

Show all
Logo of Wayzn

Wayzn

Wayzn successfully raised $126,361 from 234 investors on December 17, 2020
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christian, Rocky, Thomas, Meredith, Aimeé, and 229 others invested. 57 Reviews
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