FLY Wilmington
Indoor Skydiving
Overview
Raised: $371,500
Total Commitments ($USD)
Platform
Folla Capital
Start Date
03/05/2023
Close Date
03/31/2023
Min. Goal
$200,000
Max. Goal
$5,000,000
Min. Investment
$2,000
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
10.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$14,860
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2021
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
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.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-101,919 |
$0 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$39,538 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$92,738 |
$0 |
|
Short-Term Debt |
$33,657 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$33,657 |
$0 |
Financials as of: 03/05/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.