Outsite
About this raise
Outsite, with a valuation of $40 million, is raising funds on Wefunder. It is providing a medium/long term accommodation solution for remote workers who can work remotely, from anywhere. Outsite’s mission is to create a world where everyone can design and live their best lives, with the freedom to live and work anywhere. They have 4,000 members, 50 spaces worldwide, and $9.5M annualized revenue. Liz Ribot and Stijn Beauprez founded Outsite in 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,200,000. The campaign proceeds will be used for marketing and sales, tech, operations, customer service expansion.
Investment Overview
Invested : $632,307
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/20/2022
- Close Date
- 04/07/2023
$50,000
$1,200,000
$500
SAFE
Growth Stage
RegCF
$40,000,000
10%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Real Estate & Construction
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +49% YoY
- $2,660,517
- Monthly Burn
- $103,215
-
Runway
- 20.4 months
- Gross Margin
- 10%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $8,300,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/07/2023 | Wefunder | $40,000,000 | $632,307 | SAFE | Funded | RegCF |