Flight Penguin

Flight Penguin

Closed: Aug. 2022

About this raise

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.

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Investment Overview

Not Funded: $134,241

Deal Terms

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    Open SEC Filing

Early Bird Val. Cap

$8,000,000

Valuation Cap

$10,000,000

Discount

0%

Company & Team

Company

Year Founded
2020
Industry
Travel and Hospitality
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Los Angeles, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
Yes
Founder Name
Adam Goldstein
Title
Board Chairman
Founder Name
Max Morlocke
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$6,621
 Runway
24+ months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$290,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/02/2022 Wefunder $10,000,000 $134,241 SAFE Not Funded RegCF
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Add to portfolio
Flight Penguin on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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Follow Flight Penguin on Wefunder 2022

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Warning: according to the close date for this deal, Flight Penguin may no longer be accepting investments.

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