Offline

Offline

Early Stage

A monthly subscription reimagining restaurant discovery

A monthly subscription reimagining restaurant discovery

Overview

Raised this Round: Raised: $2,000,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/31/2022

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    Open SEC Filing

Price Per Share

$6.52

Pre-Money Valuation

$10,000,029

Year Founded

2012

Industry

Food, Beverage, & Restaurants

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Raleigh, North Carolina

Business Type

High Growth

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: 08/31/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Offline 04/28/2024 Wefunder $13,999,917 $362,263 Equity - Preferred Funded RegCF
Offline 09/29/2022 Wefunder $10,000,029 $2,000,000 Equity - Preferred Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Offline on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $10,000,029
Price per Share: $6.52

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