GoBe

GoBe

Early Stage

The ultimate snack container that's literally brain-changing for kids

The ultimate snack container that's literally brain-changing for kids

Overview

Raised to Date: Raised: $173,937

Total Commitments ($USD)

Platform

Republic

Start Date

08/06/2020

Close Date

11/05/2020

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/30/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,911

# of Investors

517

Momentum
Funded
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Year Founded

2018

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Raleigh, North Carolina

Business Type

Life Style

GoBe, with a valuation cap of $4 million, is raising funds on Republic. The company manufactures and sells a special snack container for kids. The GoBe Snack Spinner has different sections for different snacks and has a fun button to hop from snack to snack. The product is based on essential child development research and appeals to young children. Joseph Blanch and Solanda Moran-Blanch founded GoBe in January 2018. The proceeds of the current crowdfunding round, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used to launch new products and ramp up production. GoBe retails at $24.95 and is sold directly to parents. The company generates $100,000 in revenue per month and is operating at a profit.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$210,946

$0

COGS

$80,728

$0

Tax

$0

$0

 

 

Net Income

$-132,455

$-57,973

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$7,092

$465

Accounts Receivable

$0

$0

Total Assets

$90,672

$465

Short-Term Debt

$87,842

$57,638

Long-Term Debt

$184,958

$0

Total Liabilities

$272,800

$57,638

Financials as of: 08/06/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GoBe 03/14/2024 Wefunder $16,000,000 $0 SAFE Active RegCF
GoBe 09/30/2022 Republic $8,000,000 $359,634 SAFE Funded RegCF
GoBe 11/05/2020 Republic $4,000,000 $173,937 SAFE Funded RegCF
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GoBe on Republic
Platform: Republic
Security Type: SAFE
Valuation: $4,000,000

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