About this raise
Flexable, with a valuation cap of $4 million, is raising funds on Republic. It is a B2B company that offers on-demand and safe childcare services to companies and their employees. The childcare services can be provided at workplaces and at events around the country. During the ongoing COVID pandemic, Flexable also offers online Virtual MiniCamps to people working remotely at home. Flexable was founded by Priya Amin and Jessica Strong in 2016 and has raised more than $500,000 since its inception. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $481,500, and the proceeds will be used to grow the business contracts to over 400 and increase the revenue. Flexable has already provided services at over 1,000 events and across 150 business relationships. The company has generated $200,000 in gross revenue to date and is expected to reach $6 million in revenues by 2022.
Investment Overview
Invested : $47,703
Deal Terms
Total Commitments ($USD)
- Platform
- Republic
- Start Date
- 05/12/2020
- Close Date
- 12/31/2020
$25,000
$481,500
$100
SAFE
Seed
RegCF
$4,000,000
20%
Company & Team
Company
- Year Founded
- 2016
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +89% YoY
- $123,895
- Monthly Burn
- Profitable
- Cash on Hand
- $10,462
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Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.