Bright Trip
About this raise
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.
Investment Overview
Invested : $76,188
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 03/01/2023
- Close Date
- 04/29/2023
$25,000
$1,235,000
$100
SAFE
Early Stage
RegCF
$25,000,000
0%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Travel and Hospitality
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +65% YoY
-
$342,984
as of FY2021
- Monthly Burn
-
$25,622
as of FY2021
-
Runway
-
2.8 months
as of FY2021
- Gross Margin
-
42%
as of FY2021
Upgrade to gain access
-
$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
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $885,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2023 | Republic | $25,000,000 | $76,188 | SAFE | Funded | RegCF |