Outsite

Growth Stage

Building a network of homes, designed for remote workers.

Overview

Raised to Date: Raised: $500,901

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/20/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$1,200,000

Min. Investment

$500

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$40,000,000

Discount Rate

10%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

87

% of Min. Goal

1,002%

% of Max. Goal

42%

Likelihood of Max
likely
Avg. Daily Raise

$11,384

# of Investors

179

Momentum
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Location

Santa-Cruz, California

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

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.

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

Financials as of: 12/20/2022
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Outsite on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $40,000,000

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