Noad

Noad

Early Stage

The $0/night travel membership for remote professionals

The $0/night travel membership for remote professionals

Overview

Raised to Date: Raised: $90,275

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/17/2023

Close Date

01/31/2024

Min. Goal
$50,000
Max. Goal
$300,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$2,500,000

Valuation Cap

$3,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/03/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$669

# of Investors

60

Momentum
Funded
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Year Founded

2023

Industry

Travel and Hospitality

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Denver, Colorado

Business Type

High Growth

Noad, with a valuation of $3 million, is raising funds on Wefunder. The company has developed a platform that offers home exchange membership for remote workers and digital nomads. Noad enables people to avoid paying double rent when they travel by hosting other members when they are away and gaining access to other members’ homes without any cost. The platform uses a credit system wherein members earn credits when they are away from home and spend the credits to travel within the network. Jonah Wolf, Austin Laudenslager, and Tom Waugh founded Noad in April 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $300,000. The campaign proceeds will be used for marketing, customer acquisition, personnel, hiring, mobile app development, and operational expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$2,650

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-6,408

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$20,327

$0

Accounts Receivable

$0

$0

Total Assets

$46,944

$0

Short-Term Debt

$20,852

$0

Long-Term Debt

$32,500

$0

Total Liabilities

$53,352

$0

Financials as of: 09/17/2023
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Noad on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $3,000,000

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