Homeshake
Early Stage
The first agent-free marketplace to buy or sell a home
Overview
Raised: $1,222,694
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/03/2022
Close Date
01/13/2023
Min. Goal
$1,000,000
Max. Goal
$2,000,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$12,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2023
Days Remaining
Funded
% of Min. Goal
122%
% of Max. Goal
61%
Likelihood of Max
Funded
Avg. Daily Raise
$11,987
# of Investors
281
Momentum
Funded
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Year Founded
2019
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Homeshake, with a valuation of $12 million, is raising funds on Wefunder. It is a commission-free real estate marketplace for buyers and sellers to function without agents. The platform enables individuals to buy or sell a home without the traditional middlemen and without paying a commission. Homeshake also provides the tools and support needed to buy or sell a home with confidence. Homeshake has reported a two-times revenue growth and sales volume growth for three consecutive quarters. Nick Rabin and Jonathan Bennie founded Homeshake in September 2019. The current crowdfunding campaign has a minimum target of $1 million and a maximum target of $2 million. The campaign proceeds will be used for marketing, business operations, and product development.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$44,846 |
$16,557 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,067,774 |
$-954,610 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$74,519 |
$26,153 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$542,105 |
$310,980 |
|
Short-Term Debt |
$31,489 |
$65,590 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$31,489 |
$65,590 |
Financials as of: 10/03/2022
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