Rebuff Reality

Rebuff Reality

About this raise

Rebuff Reality, with a valuation of $18 million, is raising funds on Wefunder. The company aims to combine gaming with fun fitness to create unforgettable body-moving experiences. Rebuff Reality’s game Dance Dash helps people look and feel good while enjoying their dance moves and using AI computer vision technology for full body tracking. The business has been featured in the Wall Street Journal and other global publications and reported growth to 10,000 paying users from February to March 2024. Joe Sciacchetano founded Rebuff Reality in January 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, development of core features, and device expansion.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
05/03/2024
Close Date
09/30/2024
Min. Goal
$50,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$16,200,000

Valuation Cap

$18,000,000

Discount

10%

Company & Team

Company

Year Founded
2017
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Miami, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Joe Sciacchetano
Title
CEO

Funding data not publicly available

Financials

as of Fiscal Year 2023
 Revenue -39.4% YoY
$2,169,940
 Monthly Burn
$35,404
 Runway
7.7 months
Gross Margin
69%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$2,169,940

$3,581,076

COGS

$675,384

$1,167,546

Tax

$0

$5,000

 

 

Net Income

$-764,931

$25,338

Summary Balance Sheet

FY 2023 FY 2022

Cash

$244,724

$262,067

Accounts Receivable

$28,460

$27,326

Total Assets

$779,214

$1,023,721

Short-Term Debt

$1,212,627

$689,066

Long-Term Debt

$3,137

$6,275

Total Liabilities

$1,215,764

$695,341

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/30/2024 Wefunder $18,000,000 $0 SAFE Not Funded RegCF
08/05/2022 SeedInvest $25,000,000 $198,400 SAFE Not Funded RegCF / RegD 506(c)
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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Rebuff Reality on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $18,000,000

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