Dryvebox
Early Stage
Patented mobile golf simulators transforming how golf is experienced
Overview
Raised: $447,672
Total Commitments ($USD)
Platform
Republic
Start Date
10/25/2021
Close Date
02/24/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,700
# of Investors
506
Momentum
Funded
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Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Dryvebox, with a valuation of $15 million, is raising funds on Republic. The company has built and patented a solar-powered trailer with golf simulator technology inside. The simulator will help to make golf cheaper, available to everyone, judgment-free, and closer to everyone. The fleet of mobile golf simulators of Dryvebox offers lessons, individual practice, play, and events for people interested in golf. Adeel Yang founded Dryvebox in October 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for growth into new business lines, marketing, brand building, and iterations on box design.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$9,568 |
$0 |
|
COGS |
$11,965 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-14,836 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$135,225 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$135,225 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 10/25/2021
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