Clockout
Early Stage
The future of work and play
Overview
Raised: $130,080
Total Commitments ($USD)
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
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/28/2023
Days Remaining
Funded
% of Min. Goal
520%
% of Max. Goal
12%
Likelihood of Max
Funded
Avg. Daily Raise
$923
# of Investors
54
Momentum
Funded
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Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
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: 10/07/2022
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