Offline
Early Stage
A monthly subscription reimagining restaurant discovery
Overview
Raised: $2,000,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/01/2022
Close Date
09/30/2022
Min. Goal
$50,005
Max. Goal
$2,000,000
Min. Investment
$100
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$6.52
Pre-Money Valuation
$10,000,029
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$68,966
# of Investors
778
Momentum
Funded
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Year Founded
2012
Industry
Food, Beverage, & Restaurants
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Offline, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a monthly subscription that is reimagining restaurant discovery. The subscription allows users to try a new local restaurant every month and solves the problem of human motivation. The users share their interests, and the app matches them with two restaurants to try every month while receiving $10-$25 to spend at each spot. David Shaner founded Offline in February 2012. The current crowdfunding campaign has a minimum target of $50,005 and a maximum target of $2 million. The campaign proceeds will be used for continued product development, launching in new cities, launching the mobile app, and expanding the support staff.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$425,427 |
$356,404 |
|
COGS |
$60,254 |
$50,243 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-174,998 |
$-265,508 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$143,680 |
$348,078 |
|
Accounts Receivable |
$3,747 |
$0 |
|
Total Assets |
$160,008 |
$355,455 |
|
Short-Term Debt |
$159,101 |
$102,820 |
|
Long-Term Debt |
$0 |
$85,300 |
|
Total Liabilities |
$159,101 |
$188,120 |
Financials as of: 09/01/2022
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