Idle
About this raise
Idle, with a $5 million valuation cap, is raising funds on Wefunder. The company has developed a peer-to-peer smartphone app that allows users to rent and rent out their idle goods. The platform brings owners and renters together, allows users to rent anything and earn any time, and simplifies the process. Nicholas Luft founded Idle in May 2017. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will target marketing, business development, social media campaigns, and overheads. Idle has an existing user base with over 175,000 installs. The app allows users to participate in the shared economy and reduce CO2 emissions and waste.
Investment Overview
Invested $54,228 :
Deal Terms
Company & Team
Company
- Year Founded
- 2017
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- C2C
- Margin
- Low
- Capital Intensity
- Low
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Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
01/23/2022 | Wefunder | $5,000,000 | $54,228 | SAFE | Funded | RegCF |