Clockout

Clockout

Closed: Feb. 2023

About this raise

Clockout, with a valuation of $10 million, is raising funds on Republic. The company has developed a platform to make adult friendships and professional networks interconnected. The platform enables users to make friends with other professionals of the same age in casual settings and build a network organically. Clockout has over 75,000 users, over 1 million social interactions, and $3 million in projected revenue for 2023. Manasa Grandhi and Krishna Dosapati founded Clockout in December 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.07 million. The campaign proceeds will be used for growth and expansion.

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Investment Overview

Invested this round: $130,080

Deal Terms

Total Commitments

Platform
Republic
Start Date
10/07/2022
Close Date
02/25/2023
Min. Goal
$25,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Company & Team

Company

Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Bridgewater, New Jersey
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Manasa Grandhi
Title
Co-Founder
Founder Name
Krishna Dosapati
Title
Co-Founder

Financials

 Revenue
$0
 Monthly Burn
$5,543
 Runway
6.2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$50,484

$0

Tax

$0

$0

 

 

Net Income

$-66,517

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$34,103

$0

Accounts Receivable

$0

$0

Total Assets

$68,483

$0

Short-Term Debt

$0

$0

Long-Term Debt

$95,000

$0

Total Liabilities

$95,000

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$216,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/25/2023 Republic $10,000,000 $130,080 SAFE Funded RegCF
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Add to portfolio
Clockout on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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Follow Clockout on Republic 2022

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Warning: according to the close date for this deal, Clockout may no longer be accepting investments.

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