[Closed for Investment] Cadi, with a valuation of $49.8 million, is raising funds on Dealmaker Securities. It is a community-focused marketplace that uses patent-pending technology to offer a one-of-a-kind retail experience for users. Cadi is the first golf platform with on-course automation and try-before-you-buy on everything. The business has signed venue LOIs and solidified partnerships, with over $2 million in pilot testing sales. Tyler Gottstein founded Cadi in June 2016. The current crowdfunding campaign has a minimum target of $9,998.36 and a maximum target of $3 million. The campaign proceeds will be used for marketing and market launch.
Investment Overview
Raised: $370,851
Deal Terms
Total Commitments ($USD)
- Platform
- DealMaker Securities
- Start Date
- 12/29/2022
- Close Date
- 05/01/2023
$9,998
$3,000,000
$249
Equity - Common
Series A
RegCF
$1.72
$24,900,000
$49,800,000
Company & Team
Company
- Year Founded
- 2016
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue -40% YoY
- $438,345
- Monthly Burn
- $61,096
-
Runway
- 6.4 months
- Gross Margin
- 7%
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
- $2,300,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/01/2023 | DealMaker Securities | $49,800,000 | $370,851 | Equity - Common | Funded | RegCF |
| 04/30/2022 | StartEngine | $42,000,000 | $509,833 | Equity - Common | Funded | RegCF |
| 07/29/2021 | StartEngine | $10,051,686 | $1,518,804 | Equity - Common | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Employee History
Company Updates
Cadi uses e-commerce and automated kiosk machines to make shopping for golf equipment easier. For example, customers like myself can buy golf clubs either at Cadi kiosks located on golf courses or by ordering them online and then picking them up from a nearby kiosk. Cadi allows users to test equipment before committing to buying them. This helps customers avoid the hassle and cost of returning them.
Cadi raised $509,833 on StartEngine back in April 2022. Here’s what’s changed since Cadi’s last round.