Smoove Xperience

Growth Stage

An AI-powered all-in-one travel app

Analytics

Raised to Date: Raised: $14,399

Aggregate Commitments $

Platform

Netcapital

Start Date

05/02/2022

Close Date

07/29/2022

Min. Goal

$10,000

Max. Goal

$1,069,999

Min. Investment

$99

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$1.53

Pre-Money Valuation

$20,835,597

Rolling Commitments $

Status

Active

Reporting Date

05/21/2022

Days Remaining

69

% of Min. Goal

144%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$758

Momentum
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Location

Covina, California

Industry

Travel and Hospitality

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

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: 05/02/2022
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Smoove Xperience on NetCapital 2022
$
Platform: Netcapital
Security Type: Equity - Common
Valuation: $20,835,597

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