Clockout

Clockout

Early Stage

The future of work and play

The future of work and play

Overview

Raised this Round: Raised: $130,080

Total Commitments ($USD)

Platform

Republic

Start Date

10/06/2022

Close Date

02/25/2023

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

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

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.

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

Financials as of: 10/06/2022
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Clockout on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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

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