BarGlance
Early Stage
The nightlife app that shows you what's going on around town, in real-time!
Overview
$63,200 - RegCF
$203,200 - Total
$203,200 - Total
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/10/2023
Close Date
07/28/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Valuation Cap
$8,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$585
# of Investors
44
Momentum
Funded
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Year Founded
2022
Industry
Media, Entertainment & Publishing
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
BarGlance, with a valuation of $8 million, is raising funds on Wefunder. The company has developed a nightlife app that shows users what’s going on around town in real time. The platform uses its proprietary mapping software and machine learning algorithms to create a profitable business model and has partnered with more than 50 bars. BarGlance has over 7,000 users in Charleston, South Carolina, with an average year-over-year user growth of 243% from 2020 to 2022. Justin Moss founded BarGlance in May 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, business development, software and product development, and legal fees.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$35,044 |
$21,770 |
|
COGS |
$112,591 |
$10,696 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-77,559 |
$11,092 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$9,310 |
$1,816 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$9,310 |
$1,816 |
|
Short-Term Debt |
$586 |
$533 |
|
Long-Term Debt |
$85,000 |
$0 |
|
Total Liabilities |
$85,586 |
$533 |
Financials as of: 04/10/2023
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