LoopGolf

Early Stage

Building a digital wallet to capture a golfer's entire spend

Overview

Raised to Date: 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
unlikely
Avg. Daily Raise

$463

# of Investors

12

Momentum
cold.svg
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Location

Beverly Hills, Michigan

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

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
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LoopGolf on Republic 2023
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Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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