Arrived

Arrived

Closed: Apr. 2024

About this raise: 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.

Expand

Investment Overview

Invested this round: $2,524,797

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
05/31/2023
Close Date
04/28/2024
Min. Goal
$500,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$14.80

Pre-Money Valuation

$100,000,000

Company & Team

Company

Year Founded
2019
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
Seattle, Washington
Business Type
High Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
Yes
Founder Name
Ryan Frazier
Title
CEO
Founder Name
Kenny Cason
Title
CTO
Founder Name
Alejandro Saquis
Title
COO

Financials

as of Fiscal Year 2023
 Revenue +956% YoY
$6,390,045
 Monthly Burn
$721,774
 Runway
18.2 months
Gross Margin
96%

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

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$162,100,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/28/2024 Wefunder $100,000,000 $2,524,797 Equity - Preferred Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Arrived on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $100,000,000
Price per Share: $14.80

Follow company

Follow Arrived on Wefunder 2023

Buy Arrived's Deal Report

Warning: according to the close date for this deal, Arrived may no longer be accepting investments.

Arrived Deal Report

Get Kingscrowd's comprehensive report on Arrived including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Arrived is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Arrived deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge