Pearachute (2017)

Pearachute (2017)

Closed: Mar. 2017

About this raise

Pearachute, with a valuation of $7 million, is raising funds on Republic. The company has developed an app that helps parents and caregivers discover, book, and drop into the best kids’ classes and activities in the cities they live. Pearachute allows users to sign up for classes only on days they can attend and choose class subscriptions based on their schedule. The app works with over 850 partner companies and has experienced a 28% month-over-month user growth. Desiree Vargas Wrigley founded Pearachute in November 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for marketing and technology development.

Expand

Investment Overview

Invested this round: $250,000

Deal Terms

Total Commitments

Platform
Republic
Start Date
01/31/2017
Close Date
03/31/2017
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$25

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,000,000

Discount

10%

Company & Team

Company

Year Founded
2015
Industry
Education, Training, & Coaching
Tech Sector
MarketplaceTech
Location
Chicago, Illinois
Company Website
Visit Website

Team

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2017 Republic $15,000,000 $72,355 SAFE Funded RegCF
03/31/2017 Republic $7,000,000 $250,000 SAFE Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Pearachute on Republic 2017
Platform: Republic
Security Type: SAFE
Valuation: $7,000,000

Follow company

Follow Pearachute on Republic 2017

Buy Pearachute's Deal Report

Warning: according to the close date for this deal, Pearachute may no longer be accepting investments.

Pearachute Deal Report

Get Kingscrowd's comprehensive report on Pearachute including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Pearachute is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Pearachute deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge