Outsite
Growth Stage
Building a network of homes, designed for remote workers.
Overview
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
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
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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Analyst Report
Pending Review