Outsite

Outsite

Closed: Apr. 2023

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.

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Investment Overview

Invested this round: $632,307

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
12/20/2022
Close Date
04/07/2023
Min. Goal
$50,000
Max Goal
$1,200,000
Min. Investment

$500

Security Type

SAFE

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$40,000,000

Discount

10%

Company & Team

Company

Year Founded
2015
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Santa-Cruz, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
25
Prior Founder Exits?
No
Founder Name
Emmanuel Guisset
Title
CEO
Founder Name
Stijn Beauprez
Title
CTO
Founder Name
Liz Ribot
Title
COO

Financials

 Revenue +49% YoY
$2,660,517
 Monthly Burn
$103,215
 Runway
20.4 months
 Gross Margin
10%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,660,517

$1,786,738

COGS

$2,405,411

$1,694,728

Tax

$0

$0

 

 

Net Income

$-1,238,580

$-997,611

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,106,012

$468,996

Accounts Receivable

$0

$0

Total Assets

$2,802,923

$1,151,099

Short-Term Debt

$71,046

$56,564

Long-Term Debt

$5,583,981

$4,821,981

Total Liabilities

$5,655,027

$4,878,545

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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
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Add to portfolio
Outsite on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $40,000,000

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