Hello Vacay

Hello Vacay

Closed: Apr. 2022

About this raise

HelloVacay, with a pre-money valuation of $14.8 million, is raising funds on Startengine. The company provides travelers all over the world with access to private and wholesale-priced inventory that has never been widely available before. Through Hellovacy’s partnership with Priceline, they are able to offer discounts of up to 50% and more off of widely available rates. After the recent soft launch of HelloVacay Wholesale Travel, they already have new members signing up daily. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000. The campaign proceeds will be used for marketing, working capital, operations and technology.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
12/17/2021
Close Date
04/30/2022
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$249

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.28

Pre-Money Valuation

$14,800,000

Company & Team

Company

Year Founded
2016
Industry
Travel and Hospitality
Tech Sector
CommerceTech
Distribution Model
B2B2C
Margin
High
Capital Intensity
Low
Location
Costa Mesa, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Brandon Beachum
Title
Chief Operating Officer
Founder Name
Ryan Beachum
Title
CEO

Funding data not publicly available

Financials

 Revenue -41.8% YoY
$978,413
 Monthly Burn
$6,762
 Runway
24+ months
Gross Margin
67%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$978,413

$1,682,970

COGS

$327,006

$327,797

Tax

$0

$0

 

 

Net Income

$-81,145

$139,180

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$218,277

$39,156

Accounts Receivable

$0

$2,000

Total Assets

$302,277

$184,834

Short-Term Debt

$341,850

$113,860

Long-Term Debt

$145,000

$8,587

Total Liabilities

$486,850

$122,447

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Ratings Kingscrowd Startup Rating Methodology Article

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2022 StartEngine $14,800,000 $0 Equity - Common Not Funded RegCF
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Add to portfolio
Hello Vacay on Startengine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $14,800,000
Price per Share: $2.28

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

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