Kift (formerly Kibbo)
About this raise
Kibbo, with a valuation cap of $15 million, is raising crowdfunding on Republic. The company is developing a housing product that combines co-living and van life. The housing product of Kibbo will allow people to live in a camper van, change locations whenever they want, connect with other people, and have space to work. Colin O’Donnell founded Kibbo in April 2019 and raised over $600,000 in previous rounds of financing. The proceeds of the current round of crowdfunding, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used for growth and expansion. Kibbo is capitalizing on the upcoming trends of co-living, remote working, and transportation.
Investment Overview
Invested : $1,018,183
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 01/28/2021
- Close Date
- 04/30/2021
$25,000
$1,070,000
$250
SAFE
Early Stage
RegCF
$15,000,000
20%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Travel and Hospitality
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- High
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2021 | Republic | $15,000,000 | $1,018,183 | SAFE | Funded | RegCF |