CONBODY
About this raise
CONBODY, with a $4 million valuation cap, is raising crowdfunding on Wefunder. It is a prison-style boot camp that provides group fitness classes, live stream at-home classes, and on-demand workout videos. CONBODY hires former inmates as instructors for its fitness classes and sends the social message of prison reform. CONBODY was founded by Coss Marte in 2018 and has raised over $495,000 since its founding. The proceeds of the current round of crowdfunding, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for marketing, developing more videos, salaries, and working capital. CONBODY has been featured in over 200 media outlets and reported a 75% increase in monthly revenue from January 2020 to May 2020.
Investment Overview
Invested : $537,893
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 07/22/2020
- Close Date
- 11/13/2020
$50,000
$1,070,000
$100
SAFE
Early Stage
RegCF
$2,500,000
20%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Fitness & Wellness
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +348% YoY
- $266,124
- Monthly Burn
- $2,158
-
Runway
- 0.4 months
- Gross Margin
- 62%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/13/2020 | Wefunder | $2,500,000 | $537,893 | SAFE | Funded | RegCF |