Pearachute

Early Stage

Drop into the best kids’ activities in your city

Analytics

Raised to Date: Raised: $72,355

Aggregate Commitments $

Platform

Republic

Start Date

10/31/2017

Close Date

12/31/2017

Min. Goal

$25,000

Max. Goal

$287,000

Min. Investment

$25

Security Type

SAFE

Funding Type

RegCF

Valuation Cap

$15,000,000

Discount Rate

10%

Rolling Commitments $

Status
Funded
Reporting Date

12/31/2017

Days Remaining
Funded
% of Min. Goal

289%

% of Max. Goal

25%

Likelihood of Max
Funded
Avg. Daily Raise

$1,186

# of Investors

209

Momentum
Funded
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Location

Chicago, Illinois

Industry

Education, Training, & Coaching

Tech Sector

You manage your appointments, your babysitters, your deliveries, even your groceries, on your phone. Why can’t you manage your children’s activities there too? The family activity industry is out of touch with today’s parents, and it’s time it caught up.

Pearachute is here to help that happen. Pearachute is an app and platform that enables parents and caregivers to discover, book, and drop into the best kids classes and activities in the cities they live. Gone now are the days of paying for ten classes but only being able to attend three. Pearachute lets you drop in on single classes and sign up on days you know you can attend. Parents can choose from three, six, or unlimited class subscriptions each month, and activities range from arts and crafts to soccer and swimming. They’ve got something for everyone!

And so far, Pearachute is parachuting onto the scene with confidence and success. Not only are they helping parents, but they’re also fueling local businesses. To date, they work with over 850 partner companies, and over $700,000 has gone back to those local businesses through their partnership. Additionally, Pearachute has experienced a 20% month-over-month user growth, a 60% reduction in user churn since January, and a profit margin that averages 24-45% across all products and markets.

After all, American families spend $32 billion each year on kids’ activities, and $100 billion annually for family activities. When you think about the fact that there are 75 million millennials out there who are about to have 75 million babies -- and you realize that 78% of those parents prefer to spend money on experiences instead of things -- you realize that the market for Pearachute is quite large, and quite lucrative.

To top it off, Pearachute’s backers include Techstars Ventures, OKCupid founders, and HotelTonight -- all who are tech-and-millennial-savvy. They know Pearachute is the future of kids’ activities for millennial parents. This company is changing the way families share, discover, learn, and play…. and it’s all for the better, and all for today’s techie world.

“Who Should Be Interested in This Offer:”
Are you a parent who loves activities for your child but hates the hassle of signing up for them? Or, are you a local business that offers family activities and wants to find a way to connect with more clients? If you said yes, then Pearachute might be the pear-fect investment for you. With the mission of bringing families closer together while supporting local businesses, Pearachute is a platform you can feel good about investing in...while benefiting largely from it.
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Pearachute on Republic
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Platform: Republic
Security Type: SAFE
Valuation: $15,000,000

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