Plain Sight

Plain Sight

[Closed for Investment] Plain Sight, with a valuation cap of $10 million, is raising funds on Republic. The company has developed an app that helps people make meaningful connections through reimagined networking. The app allows users to see the skills and interests of people close by and build connections based on similarities. James Chapman, Alex Johnston, and Alexis Matteson founded Plain Sight in 2017 and already raised over $1 million in previous rounds of financing. The current crowdfunding round has a minimum raise of $107,000 and a maximum raise of $250,000, and the proceeds will be used to enhance the product, increase space listings, increase the number of active users, and generate more revenue. Plain Sight is led by a highly experienced and passionate team and has recently been featured as App of the Day by Apple.

Expand

Investment Overview

Raised this Round: Raised: $76,755

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
03/12/2021
Close Date
04/30/2021
Min. Goal
$25,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Company & Team

Company

Year Founded
2017
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B2C
Margin
High
Capital Intensity
Low
Location
Detroit, Michigan
Business Type
High Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
James Chapman
Title
CEO
Founder Name
Alexis Matteson
Title
CPO
Founder Name
Alex Johnston
Title
COO

Financials

 Revenue
$80,000
 Monthly Burn
$9,352
 Runway
1.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-112,229

$-2,978

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$10,667

$0

Accounts Receivable

$0

$0

Total Assets

$401,765

$17,980

Short-Term Debt

$0

$0

Long-Term Debt

$17,322

$17,322

Total Liabilities

$17,322

$17,322

Create a free account today to gain access to Kingscrowd analytics and financials.

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.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2021 Republic $10,000,000 $76,755 SAFE Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Plain Sight on Republic
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

Follow company

Follow Plain Sight on Republic

Buy Plain Sight's Deal Report

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

Plain Sight Deal Report

Get Kingscrowd's comprehensive report on Plain Sight including:

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

Buy the Plain Sight deal report for only $10!

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