Plain Sight

Plain Sight

Early Stage

Networking reimagined.

Networking reimagined.

Overview

Raised to Date: Raised: $76,755

Total Commitments ($USD)

Platform

Republic

Start Date

03/11/2021

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%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,566

# of Investors

236

Momentum
Funded
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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

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.

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

Financials as of: 03/11/2021
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Plain Sight on Republic
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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