Flight Penguin
Early Stage
The browser extension that takes the pain out of flight search
Overview
Raised: $134,241
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/05/2022
Close Date
08/02/2022
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$8,000,000
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
08/02/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$4,794
# of Investors
116
Momentum
Not Funded
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Year Founded
2020
Industry
Travel and Hospitality
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Flight Penguin, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a browser extension that makes flight search easier and less time-consuming. Flight Penguin makes it easy and trustworthy to search for flights with highly intuitive filtering and sorting. The view with Flight Penguin extension has more flights on screen, with a timeline view and no ads. Max Morlocke founded Flight Penguin in March 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for product development staff, growth, and reserve.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$50 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-79,449 |
$-35,733 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$175,184 |
$14,427 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$175,184 |
$14,427 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 07/05/2022
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