HelloSubs
Early Stage
The future of substitute teaching
Overview
Raised: $63,328
Total Commitments ($USD)
Platform
Republic
Start Date
09/13/2023
Close Date
11/12/2023
Min. Goal
$25,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
SEC Filing Type
RegCF
Price Per Share
$1.00
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
43
% of Min. Goal
253%
% of Max. Goal
25%
Likelihood of Max
Avg. Daily Raise
$3,725
# of Investors
151
Momentum
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Year Founded
2016
Industry
Tech Sector
Location
Denver, Colorado
HelloSubs, with a valuation of $10 million, is raising funds on Republic. The company is solving the substitute teacher shortage by connecting schools and teachers through a modern, on-demand labor marketplace. HelloSubs provides a platform that allows schools to conveniently manage jobs, schedules, payroll, and profiles all in one place. The company has achieved $3.2 million in revenue over the last 12 months and is on pace for a $6 million run rate by the end of 2023. Brett Isis founded HelloSubs in July 2016. The current crowdfunding campaign has a minimum funding goal of $25,000 and a maximum target of $250,000. The campaign proceeds will be used for marketing, payroll & benefits, software, and office rental.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$2,764,530 |
$1,171,176 |
|
COGS |
$1,981,180 |
$594,010 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-46,073 |
$-162,036 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$17,668 |
$1,356 |
|
Accounts Receivable |
$9,200 |
$2,422 |
|
Total Assets |
$27,562 |
$3,960 |
|
Short-Term Debt |
$38,304 |
$96,121 |
|
Long-Term Debt |
$681,486 |
$500,000 |
|
Total Liabilities |
$719,790 |
$596,121 |
Financials as of: 09/13/2023
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