Arrived
Growth Stage
Easily invest in rental homes & vacation rentals
Overview
$2,508,797 - RegCF
$32,508,790 - Total
$32,508,790 - Total
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/16/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$7,816
# of Investors
3,154
Momentum
Funded
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Year Founded
2019
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Arrived, with a valuation of $100 million, is raising funds on Wefunder. The company provides a platform for investors to invest in fractional rental homes and vacation rentals. The investments in properties through Arrived enable investors to participate in property appreciation, generate consistent passive income, get tax advantages, diversify with real estate, and save time and energy. Arrived has over 295,000 registered users and grew its new assets under management by 800% in 2022. Ryan Frazier, Alejandro Chouza, and Kenny Cason founded Arrived in 2019. The current crowdfunding campaign has a minimum target of $500,000 and a maximum target of $1.24 million. The campaign proceeds will be used for hiring, marketing, and working capital.
Summary Profit and Loss Statement
FY 2023 | FY 2022 | |
---|---|---|
Revenue |
$6,390,045 |
$604,964 |
COGS |
$262,133 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-4,449,168 |
$-2,254,976 |
Summary Balance Sheet
FY 2023 | FY 2022 | |
---|---|---|
Cash |
$17,469,304 |
$3,698,304 |
Accounts Receivable |
$17,892 |
$1,856 |
Total Assets |
$30,067,702 |
$16,903,318 |
Short-Term Debt |
$724,054 |
$267,709 |
Long-Term Debt |
$1,186,089 |
$9,472,154 |
Total Liabilities |
$1,910,143 |
$9,739,863 |
Financials as of: 05/30/2023
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