Freebird Rides
Growth Stage
Cash and Rewards For Using Uber and Lyft
Overview
Raised: $2,920,977
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/11/2023
Close Date
04/22/2024
Min. Goal
$50,004
Max. Goal
$5,000,000
Min. Investment
$500
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$10.00
Pre-Money Valuation
$32,500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$22,129
# of Investors
1,937
Momentum
Funded
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Year Founded
2015
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Freebird Rides, with a valuation of $32.5 million, is raising funds on Wefunder. It is a mobility marketplace that offers users rewards and cash for using Lyft and Uber. Freebird Rides drives consumers to businesses and delivers guaranteed customer spending. The app’s beta launch has yielded over 30,000 monthly active users, taking more than 4 million Freebird rides and $3 billion in tracked transactions. Kurt Brendlinger founded Freebird Rides in June 2015. The current crowdfunding campaign has a minimum target of $50,004.00 and a maximum target of $5 million. The campaign proceeds will be used for new product development, SG&A, and expansion of the national rollout in early 2024.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-26,130 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$26,130 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$26,130 |
$0 |
Financials as of: 12/11/2023
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