LoopGolf
Early Stage
Building a digital wallet to capture a golfer's entire spend
Overview
Raised: $11,100
Total Commitments ($USD)
Platform
Republic
Start Date
01/12/2023
Close Date
03/12/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$10,000,000
Discount Rate
10%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/05/2023
Days Remaining
35
% of Min. Goal
44%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$463
# of Investors
12
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Location
Beverly Hills, Michigan
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
LoopGolf, with a valuation of $10 million, is raising funds on Republic. The company is developing golf’s digital wallet as an intersection of fintech, sports, and culture. The company’s first product is in the market and works for coordinating scoring and settling real-money on-course matches and aims to introduce a specific card and rewards for golfers. LoopGolf will also work towards commerce discovery and pro wagers in 2023 and 2024. Thomas Reinholm and Matt Rum founded LoopGolf in March 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for hiring, operational expenses, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-55,394 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$570,125 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$570,125 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$534,019 |
$0 |
|
Total Liabilities |
$534,019 |
$0 |
Financials as of: 01/12/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Ratings 
