This company is no longer in business. Investors can get details about any potential exits or failures here.

Pearachute

Pearachute

Early Stage

Drop into the best kids’ activities in your city

Drop into the best kids’ activities in your city

Overview

Raised this Round: Raised: $72,355

Total Commitments ($USD)

Platform

Republic

Start Date

10/30/2017

Close Date

12/31/2017

Min. Goal
$25,000
Max. Goal
$287,000
Min. Investment

$25

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

10%

Year Founded

2015

Industry

Education, Training, & Coaching

Tech Sector

Location

Chicago, Illinois

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.
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /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.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Pearachute on Republic
Platform: Republic
Security Type: SAFE
Valuation: $15,000,000

Follow company

Follow Pearachute on Republic

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