LoopGolf
Early Stage
Building a digital wallet to capture a golfer's entire spend
Overview
Raised: $0
Total Commitments ($USD)
Platform
Republic
Start Date
01/11/2023
Close Date
03/12/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/12/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2021
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
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-55,394 |
$0 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
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: 01/11/2023
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