About this raise
Offline, with a valuation of $14 million, is raising funds on Wefunder. The company has developed a monthly subscription that is reimagining restaurant discovery. Offline 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. Currently, the business has over 200 restaurant partners, 10,000 paying subscribers with an 87% gross margin, and a $2 million annual recurring revenue. David Shaner founded Offline in February 2012. The current crowdfunding campaign has a minimum target of $50,007 and a maximum target of $617,999. The campaign proceeds will be used for launching in new cities, launching the mobile app, and expanding the support staff.
Investment Overview
Invested : $362,263
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 03/22/2024
- Close Date
- 04/29/2024
$50,008
$617,999
$100
Equity - Preferred
Growth Stage
RegCF
$7.68
$13,999,917
Company & Team
Company
- Year Founded
- 2012
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +114% YoY
-
$912,145
as of FY2023
- Monthly Burn
-
$64,933
as of FY2023
-
Runway
-
15.8 months
as of FY2023
- Gross Margin
-
87%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $6,371,488
- VC Backed?
- No
Growth Charts
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.