Fairway Tech
Early Stage
Technology Revolution in Lifestyle Sports
Overview
Platform
Andes Capital
Start Date
11/06/2023
Close Date
01/31/2024
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.25
Pre-Money Valuation
$6,250,000
Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Fairway Tech is raising funds on Andes Capital. The company aims to democratize lifestyle sports by making them more accessible, interactive, and engaging. Fairway Tech harnesses the power of virtual reality, artificial intelligence, and blockchain to redefine sports using its platform. Bag Chatter, the company’s peer-to-peer golf marketplace, connects golf enthusiasts across the world and helps them rent high-quality golf equipment at affordable prices. Vikram Prabhu, Jason Rodarte-Redmond, and Sneha Prabhu founded Fairway Tech in May 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for web development and maintenance, servers and support systems, launch and marketing, office space, and expansion and growth.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,210 |
$-3,242 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$1,000 |
|
Short-Term Debt |
$12,436 |
$10,226 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$12,436 |
$10,226 |
Financials as of: 11/06/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Fairway Tech | 01/31/2024 | Andes Capital | $6,250,000 | - | Equity - Common | Funded | RegCF |
No prior online funding rounds.
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