Outfield
Early Stage
The Performance Based CRM Company
Overview
Raised: $38,077
Total Commitments ($USD)
Platform
StartEngine
Start Date
01/31/2022
Close Date
06/28/2022
Min. Goal
$9,999
Max. Goal
$1,069,999
Min. Investment
$249
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.44
Pre-Money Valuation
$17,202,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$259
# of Investors
26
Momentum
Funded
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Year Founded
2016
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Outfield, with a valuation of $17.2 million, is raising funds on StartEngine. The company has developed a performance-based CRM for sales representatives to improve and perform better. The business has solved CRM adoption problems with its focus on driving sales performance and rep motivation. Outfield has expanded across multiple markets in 50 different countries and generated $1 million in revenue in 2020. Austin Rolling and Adam Steele founded Outfield in December 2016. The current crowdfunding campaign has a minimum target of $9,999.12 and a maximum target of $1,069,998.56. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$619,402 |
$546,847 |
|
COGS |
$27,027 |
$30,611 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-328,502 |
$-415,426 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$544,369 |
$142,984 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$679,369 |
$322,984 |
|
Short-Term Debt |
$619,475 |
$464,433 |
|
Long-Term Debt |
$698,600 |
$168,755 |
|
Total Liabilities |
$1,318,075 |
$633,188 |
Financials as of: 01/31/2022
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