Cadi
Combining autonomous retail and ecommerce to revolutionize golf
Overview
Platform
Dealmaker Securities
Start Date
12/29/2022
Close Date
05/01/2023
Min. Goal
$9,998
Max. Goal
$3,000,000
Min. Investment
$249
Security Type
Equity - Common
Series
Series A
Funding Type
RegCF
Price Per Share
$1.72
Pre-Money Valuation
$49,800,000
Location
Nashville, Tennessee
Industry
Consumer Products, Goods & Services
Tech Sector
AutomationTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$438,345 |
$726,891 |
|
COGS |
$408,422 |
$472,060 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-733,151 |
$6,244 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$389,307 |
$128,914 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$773,691 |
$328,997 |
|
Short-Term Debt |
$143,965 |
$145,520 |
|
Long-Term Debt |
$14,512 |
$312,954 |
|
Total Liabilities |
$158,477 |
$458,474 |
Financials as of: 12/29/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Cadi | 05/01/2023 | Dealmaker Securities | $49,800,000 | $0 | Equity - Common | Active | RegCF |
| Cadi | 04/30/2022 | StartEngine | $42,000,000 | $509,833 | Equity - Common | Funded | RegCF |
| Cadi | 07/29/2021 | StartEngine | $10,051,686 | $1,518,804 | Equity - Common | Funded | RegCF |
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