Loopie
Growth Stage
Lyft for laundry!
Overview
Raised: $113,710
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/11/2023
Close Date
11/13/2023
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
Convertible Note
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$14,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$917
# of Investors
170
Momentum
Funded
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Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
C2C
Margin
Low
Capital Intensity
Low
Loopie, with a valuation of $14 million, is raising funds on Wefunder. It is a peer-to-peer laundry marketplace that connects busy individuals with reliable laundry doers. The app enables users to schedule their dirty laundry to be picked up, washed, folded, and delivered back within 24 hours. Loopie also enables laundry doers to become micro-entrepreneurs, choose their workload and working hours, and earn extra income. John Lee founded Loopie in January 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, product, and operating costs.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,316,029 |
$799,173 |
|
COGS |
$1,076,245 |
$667,196 |
|
Tax |
$10,109 |
$6,235 |
| ||
| ||
|
Net Income |
$-2,152,916 |
$-1,171,017 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$321,482 |
$358,504 |
|
Accounts Receivable |
$739 |
$4,190 |
|
Total Assets |
$375,056 |
$413,311 |
|
Short-Term Debt |
$4,606,996 |
$2,416,479 |
|
Long-Term Debt |
$125,000 |
$237,500 |
|
Total Liabilities |
$4,731,996 |
$2,653,979 |
Financials as of: 07/11/2023
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