Card.io
Early Stage
We're Transforming Boring Cardio into a Fun, Social Game of Team Turf War!
Overview
Raised: $53,851
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/19/2023
Close Date
09/29/2024
Min. Goal
$53,750
Max. Goal
$107,500
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
302
% of Min. Goal
100%
% of Max. Goal
50%
Likelihood of Max
Avg. Daily Raise
$1,224
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2022
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Card.io, with a valuation of $5 million, is raising funds on Wefunder. The company has developed a fun and engaging platform for people to enjoy addictive activity around cardio. Card.io transforms outdoor activity into a community-based game of turf war, which enables players to claim, steal, and defend their turf with friends through outdoor cardio. The platform has 6,000 users across 385 cities in 65 countries and has a paid corporate wellness pilot with Oracle. Destin Bell, Max Miranda, and Nirav Patel founded Card.io in June 2022. The current crowdfunding campaign has a minimum target of $53,750 and a maximum target of $107,500. The campaign proceeds will be used for salaries, contractor labor, marketing ad spending, and backend operations.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$350 |
$0 |
|
COGS |
$30,000 |
$18,837 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-135,405 |
$-24,892 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$150,572 |
$41,870 |
|
Accounts Receivable |
$2,100 |
$0 |
|
Total Assets |
$152,672 |
$41,870 |
|
Short-Term Debt |
$13,427 |
$16,000 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$13,427 |
$16,000 |
Financials as of: 10/19/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /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
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.