Bright Trip
Early Stage
The video platform that helps you travel smarter
Overview
Raised: $76,188
Total Commitments ($USD)
Platform
Republic
Start Date
02/28/2023
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
Valuation Cap
$25,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,291
# of Investors
109
Momentum
Funded
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Year Founded
2019
Industry
Travel and Hospitality
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$342,984 |
$119,781 |
|
COGS |
$198,532 |
$56,037 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-307,466 |
$-9,271 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
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: 02/28/2023
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