FLY Wilmington
About this raise
FLY Wilmington is raising funds on Folla Capital. The company provides indoor skydiving for military training, education, and entertainment. The business operates an indoor skydiving wind tunnel in Wilmington, North Carolina, and uses it for military training oriented to the United States Marine Corps and additional Military Freefall organizations, STEM training to students, and recreational purposes for locals and tourists. Patrick M. Maguire founded FLY Wilmington in June 2021. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $5 million. The campaign proceeds will be used to offset bank portion of the financing package.
Investment Overview
Invested : $371,500
Deal Terms
Total Commitments
- Platform
- Folla Capital
- Start Date
- 03/06/2023
- Close Date
- 03/31/2023
$200,000
$5,000,000
$2,000
Debt
RegCF
10.00%
5.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2021
- Monthly Burn
-
$8,493
as of FY2021
-
Runway
-
4.7 months
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/31/2023 | Folla Capital | - | $371,500 | Debt | Funded | RegCF |