Gesture
Early Stage
Gifting reinvented
Overview
Raised: $192,530
Total Commitments ($USD)
Platform
Republic
Start Date
06/03/2020
Close Date
10/30/2020
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
20%
Year Founded
2017
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
Gesture, with a $10 million valuation cap, is raising funds on Republic. The company is reinventing gifting and making it simple, affordable, and quick. The Gesture app allows users to choose a gesture and recommends gifts accordingly. The G-runners, then, pick up the gift from local vendors and deliver it within the hour. Gesture was founded by Ben Labra, Daniel Sosunov, and Christian Castadena in October 2017 and has raised over $1 million since its inception. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000, and the proceeds will be used for aggressive expansion. Gesture currently delivers in more than 30 cities in the US and has fulfilled thousands of orders to date.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$10,792 |
$0 |
|
COGS |
$12,273 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-263,851 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$423,278 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$434,191 |
$0 |
|
Short-Term Debt |
$5,631 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$5,631 |
$0 |
Financials as of: 06/03/2020
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Gesture | 10/30/2020 | Republic | $10,000,000 | $192,530 | SAFE | Funded | RegCF |
No prior online funding rounds.
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