Firelight Camps
Early Stage
Luxurious, Stylish, and Social Glamping Experiences!
Overview
Raised: $571,953
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/09/2020
Close Date
09/07/2021
Min. Goal
$300,266
Max. Goal
$1,069,775
Min. Investment
$316
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$316.02
Pre-Money Valuation
$8,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,900
# of Investors
300
Momentum
Funded
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Year Founded
2014
Industry
Travel and Hospitality
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Firelight Camps, with a pre-money valuation of $8 million, is raising crowdfunding on Wefunder. The company develops and operates campgrounds that offer luxurious and social glamping experiences. The campgrounds of Firelight Camps combine the luxury of plush hotels with campfires and other resort amenities. Firelight Camps was founded by Robert Frisch and Emma Frisch in 2014 and has raised over $1.8 million since its inception. The proceeds of the current crowdfunding round, with a minimum raise of $300,026 and a maximum raise of $1,069,775, will be used for pre-development expenses for the second property in Phoenicia, NY, and ongoing working capital. Firelight Camps has served over 35,000 guests and generated over $4 million in revenue.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$731,495 |
$727,236 |
|
COGS |
$56,606 |
$51,312 |
|
Tax |
$1,438 |
$3,276 |
| ||
| ||
|
Net Income |
$-536,743 |
$-162,069 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$179,152 |
$166,351 |
|
Accounts Receivable |
$0 |
$27,286 |
|
Total Assets |
$592,962 |
$626,999 |
|
Short-Term Debt |
$124,221 |
$75,297 |
|
Long-Term Debt |
$201,957 |
$0 |
|
Total Liabilities |
$326,178 |
$75,297 |
Financials as of: 11/09/2020
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