Offline

Offline

Early Stage

A monthly subscription reimagining restaurant discovery

A monthly subscription reimagining restaurant discovery

Overview

Raised to Date: Raised: $314,716

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/21/2024

Close Date

04/28/2024

Min. Goal
$50,008
Max. Goal
$617,999
Min. Investment

$100

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$7.68

Pre-Money Valuation

$13,999,917

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

12

% of Min. Goal

629%

% of Max. Goal

51%

Likelihood of Max
unlikely
Avg. Daily Raise

$12,589

Momentum
warm.svg
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Year Founded

2012

Industry

Food, Beverage, & Restaurants

Tech Sector

MarketplaceTech

Location

Raleigh, North Carolina

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.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$912,145

$425,427

COGS

$119,414

$60,254

Tax

$0

$0

 

 

Net Income

$-779,195

$-174,998

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,815,333

$143,680

Accounts Receivable

$27,107

$3,747

Total Assets

$1,867,439

$160,008

Short-Term Debt

$281,045

$159,101

Long-Term Debt

$0

$0

Total Liabilities

$281,045

$159,101

Financials as of: 03/21/2024
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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 $314,716 Equity - Preferred Active RegCF
Offline 09/29/2022 Wefunder $10,000,029 $2,000,000 Equity - Preferred Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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Offline on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $13,999,917
Price per Share: $7.68

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