MySwimPro

Early Stage

Personal Swim Coaching Program — named best Apple Watch app of the year.

Analytics

Raised to Date: Raised: $358,897

Aggregate Commitments $

Platform

Wefunder

Start Date

11/09/2021

Close Date

03/15/2022

Min. Goal

$50,000

Max. Goal

$5,000,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$20,000,000

Discount Rate

25%

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

100

% of Min. Goal

718%

% of Max. Goal

7%

Likelihood of Max
unlikely
Avg. Daily Raise

$13,804

Momentum
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Location

Ann Arbor, Michigan

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

MySwimPro, with a valuation of $20 million, is raising funds on Wefunder. The fitness application offers training experience to beginners and professional swimmers with the help of training plans, video content, personalized workouts, and analytics to measure performance. MySwimPro has over 1.5 million app downloads and has generated over $3 million in subscription revenue. Fares Ksebati, Adam Oxner, and Michael Allon founded MySwimPro in 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5,000,000. The campaign proceeds will be used for content marketing, product development, marketing, and operational expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$969,752

$1,126,063

COGS

$0

$0

Tax

$25

$1,456

 

 

Net Income

$89,842

$143,934

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$745,378

$671,540

Accounts Receivable

$41,447

$46,349

Total Assets

$1,001,842

$819,389

Short-Term Debt

$9,188

$7,928

Long-Term Debt

$746,871

$664,070

Total Liabilities

$756,059

$671,998

Financials as of: 11/09/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
MySwimPro 03/15/2022 Wefunder $20,000,000 $358,897 SAFE Active RegCF
MySwimPro 04/03/2019 Wefunder $10,000,000 $599,276 SAFE Funded RegCF
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MySwimPro on Wefunder 2021
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Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000
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