Bright Trip

Early Stage

The video platform that helps you travel smarter

Overview

Raised to Date: Raised: $39,938

Total Commitments ($USD)

Platform

Republic

Start Date

03/01/2023

Close Date

04/29/2023

Min. Goal

$25,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$25,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/27/2023

Days Remaining

33

% of Min. Goal

160%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,536

# of Investors

64

Momentum
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Year Founded

2019

Industry

Travel and Hospitality

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Franklin, Tennessee

Business Type

Growth

Bright Trip, with a valuation of $25 million, is raising funds on Republic. The company has developed a video platform for people to prepare better for their trips. The platform is reinventing the way people learn about travel destinations through smart and entertaining videos uploaded by the creators. Bright Trip is a video-first travel brand that also enables creators to monetize their content. The platform has more than 50 creator partnerships, four million YouTube video views, and a run rate of $1 million. Andrew McGarrity, Johnny Harris, Evan Freeze, and Iz Harris founded Bright Trip in February 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, sales and marketing, infrastructure, and general working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$342,984

$119,781

COGS

$198,532

$56,037

Tax

$0

$0

 

 

Net Income

$-307,466

$-9,271

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$72,452

$123,423

Accounts Receivable

$0

$0

Total Assets

$521,535

$296,645

Short-Term Debt

$11,277

$4,921

Long-Term Debt

$849,449

$323,499

Total Liabilities

$860,726

$328,420

Financials as of: 03/01/2023
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Bright Trip on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $25,000,000

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