Reental
Early Stage
Tokenizing the $300tn real estate market, one property at a time.
Overview
Raised: $105,592
Total Commitments ($USD)
Platform
Republic
Start Date
03/25/2024
Close Date
07/19/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$300
Security Type
SAFE
SEC Filing Type
RegCF
Valuation Cap
$42,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/26/2024
Days Remaining
83
% of Min. Goal
211%
% of Max. Goal
9%
Likelihood of Max
Avg. Daily Raise
$3,300
# of Investors
86
Momentum
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Year Founded
2023
Industry
Real Estate & Construction
Tech Sector
Fintech
Location
Miami, Florida
Reental, with a valuation of $42 million, is raising funds on Republic. The company has developed a real estate investing platform for tokenized real estate investing. Reental is disrupting real estate investment with its 57 projects and 15,000 users in 78 countries. The business helps in personalized investments and monthly passive outcomes and has been featured in Forbes, Expansion, EI Economista, and Cointelegraph. Eric Fernando Sanchez Galvez founded Reental in February 2023. 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 growth and expansion.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$412,817 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-426,610 |
$0 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$231,587 |
$0 |
|
Accounts Receivable |
$166,719 |
$0 |
|
Total Assets |
$7,137,001 |
$0 |
|
Short-Term Debt |
$40,576 |
$0 |
|
Long-Term Debt |
$7,424,676 |
$0 |
|
Total Liabilities |
$7,465,252 |
$0 |
Financials as of: 03/25/2024
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