Smoove Xperience
Growth Stage
An AI-powered all-in-one travel app
Overview
Raised: $53,878
Total Commitments ($USD)
Platform
Netcapital
Start Date
05/01/2022
Close Date
10/28/2022
Min. Goal
$10,000
Max. Goal
$1,069,999
Min. Investment
$99
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.53
Pre-Money Valuation
$20,835,597
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$301
Momentum
Funded
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Year Founded
2020
Industry
Travel and Hospitality
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Smoove Xperience, with a valuation of $20.8 million, is raising funds on NetCapital. The company has developed an AI-powered travel app for planning, booking, and managing travels. The app simplifies awesome experiences and comes with unique curated experiences through recommendations, travel guides, and user-generated content. Smoove Xperience operates in Singapore and plans to launch soon in Hong Kong, Australia, New Zealand, and Oceania markets. Greg Duffell, Michael Tan, and Francis Ong founded Smoove Xperience in September 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,999. The campaign proceeds will be used for marketing, sales, customer acquisition, technology R&D, staff recruitment, and mobile app update.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,182,588 |
$0 |
|
COGS |
$990,019 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,080,178 |
$-94,497 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$82,736 |
$44,361 |
|
Accounts Receivable |
$38,112 |
$0 |
|
Total Assets |
$1,180,987 |
$372,251 |
|
Short-Term Debt |
$29,118 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$29,118 |
$0 |
Financials as of: 05/01/2022
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