BoatBites
Early Stage
Think Uber Eats, but for the water
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/20/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$400,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$6,000,000
Valuation Cap
$8,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/30/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2023
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
BoatBites, with a valuation of $8 million, is raising funds on Wefunder. The company has developed an app to connect boaters and beachgoers to their needs. BoatBites enables the delivery of cold beer, hot food, ice, sunscreen, and other useful items to the boaters and beachgoers so they don’t need to leave their fun in the sun. The app works as Uber Eats for boaters and has several partnerships in place. John Bonaccorso founded BoatBites in July 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $400,000. The campaign proceeds will be used for marketing, mobile app improvement, dealer development, cash on hand, and general and administrative expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-101,102 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$18,807 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$18,807 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 12/20/2023
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