FamGuru
Early Stage
A better way for the Travel Industry to record and share insider travel knowledge
Overview
Raised: $64,850
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/16/2023
Close Date
03/16/2024
Min. Goal
$50,000
Max. Goal
$450,000
Min. Investment
$100
Security Type
SAFE
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/08/2023
Days Remaining
99
% of Min. Goal
130%
% of Max. Goal
14%
Likelihood of Max
Avg. Daily Raise
$2,948
Momentum
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Year Founded
2020
Industry
Travel and Hospitality
Tech Sector
MarketplaceTech
Location
Chicago, Illinois
FamGuru, with a valuation of $5 million, is raising funds on Wefunder. The company has developed a platform for the travel industry to record and share insider travel knowledge. FamGuru helps travel advisors and travel suppliers record and organize their travel knowledge and generate profit from this familiarisation. The platform was launched at Virtuoso Travel Week in 2023 and won third place in the American Society of Travel Advisors “Entrepreneur of the Year” competition. Carrie Wallace founded FamGuru in September 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $450,000. The campaign proceeds will be used for development, sales, marketing, and administrative expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,505 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-235,905 |
$-46,776 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$31,414 |
$2,291 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$31,414 |
$2,291 |
|
Short-Term Debt |
$24,344 |
$9,316 |
|
Long-Term Debt |
$250,000 |
$0 |
|
Total Liabilities |
$274,344 |
$9,316 |
Financials as of: 11/16/2023
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