Phoebe
Early Stage
Work-Life coaching and mentorship for working parents—when they need it most
Overview
Raised: $81,100
Total Commitments ($USD)
Platform
Republic
Start Date
03/02/2023
Close Date
04/30/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$12,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,398
# of Investors
58
Momentum
Funded
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Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
Phoebe, with a valuation of $12 million, is raising funds on Republic. The company has developed a platform to provide work-life coaching and mentorship for working parents. The platform works towards parental well-being and addresses the risks of burnout and career off-ramping. Phoebe is mostly used by employers to retain their employees and increase productivity by focusing on their mental well-being. The platform has multiple clients and has reported a 340% year-over-year revenue growth. Emily Klingbeil, Karolina Belwal, and Lucy Hutner founded Phoebe in July 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for new product marketing, research and development, new hires, and general working capital.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$48,082 |
$13,027 |
|
COGS |
$20,513 |
$11,781 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-265,192 |
$-86,652 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$150,019 |
$7,240 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$150,101 |
$7,240 |
|
Short-Term Debt |
$69,353 |
$56,957 |
|
Long-Term Debt |
$370,000 |
$0 |
|
Total Liabilities |
$439,353 |
$56,957 |
Financials as of: 03/02/2023
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