Padlist is currently seeking $2 million on SeedInvest at a pre-money valuation of $8 million. Recently listed, the preferred equity offering is raising capital in a side by side Reg CF – Reg D offering.. If you are willing to invest, there is a minimum ticket of $1000 but you will also join an interesting supporter – Supermodel Kathy Ireland.
According to a report by Wraltech from last month, Ireland is backing the company and will provide some marking firepower or “provide Padlist with global brand building, real estate and home industry expertise.” It is not clear if Ireland has committed any money nor whether, or not, she is a shareholder.
Ireland went from a world-famous model to emerge as a highly successful entrepreneur. Kathy Ireland Worldwide currently generates around $2.6 billion in annual revenue. Ireland will also join the company’s advisory board.
So what is Padlist?
According to the offering page:
“Padlist connects renters and landlords easier and faster. Renters are empowered with options – they can work with a local expert, or use Padlist’s AI and drone technology platform to match with homes online. Landlords receive lead value with qualified referral generation. Padlist creates additional revenue streams, and benefits communities, by connecting renters to local resources through an interactive data map and vendor lists.”
Effectively, Padlist is a startup Proptech rental matchmaking site – a fairly competitive market.
The offering has set a targeted minimum of $600,000. If you invest over $20,000 you will participate under Reg D (as long as you are an accredited investor). A per-share price has been set at $6.11/share. More information is available on the SeedInvest offering page.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!