Guac (2022)

About this raise

Guac, with a valuation of $18.5 million, is raising funds on Republic. It is a dedicated lifestyle banking app for millennials. The platform helps users set financial goals, track their savings progress, and save money on purchases made through the app. Guac uses advanced micro-savings technology that allows users to save while they spend. It currently has over 55,000 connected users and has helped them save more than $6 million as of September 2021. Scott Armstrong and Ryan Armstrong founded Guac in 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $3,930,000. The campaign proceeds will be used to double the marketing spend and add more value for the customers.

Expand

Investment Overview

Invested this round: $2,911,107

Deal Terms

Total Commitments

Platform
Republic
Start Date
10/25/2021
Close Date
04/26/2022
Min. Goal
$25,000
Max Goal
$3,930,000
Min. Investment

$150

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$18,500,000

Discount

20%

Company & Team

Company

Year Founded
2017
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Irvine, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
Yes
Founder Name
Ryan Armstrong
Title
Chief Revenue Officer
Founder Name
Scott Armstrong
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$44,017
 Runway
10.9 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$800

$800

 

 

Net Income

$-528,201

$-142,279

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$478,073

$45,028

Accounts Receivable

$0

$0

Total Assets

$651,895

$143,994

Short-Term Debt

$169,918

$200,273

Long-Term Debt

$256,500

$86,000

Total Liabilities

$426,418

$286,273

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /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
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/28/2023 Republic $50,000,000 $498,830 Equity - Common Funded RegCF
04/26/2022 Republic $18,500,000 $2,911,107 SAFE Funded RegCF
07/28/2021 Equifund $5,300,000 $1,070,000 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Guac on Republic 2021
Platform: Republic
Security Type: SAFE
Valuation: $18,500,000

Follow company

Follow Guac on Republic 2021

Buy Guac's Deal Report

Warning: according to the close date for this deal, Guac may no longer be accepting investments.

Guac Deal Report

Get Kingscrowd's comprehensive report on Guac including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Guac is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Guac deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge