Smoove Xperience
Growth Stage
An AI-powered all-in-one travel app
Analytics
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
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
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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