SurfUp
[Closed for Investment] SurfUp, with a $2.5 million valuation cap, is raising crowdfunding on MicroVentures. The company has developed a recreational equipment rental platform and started with surfboard rental in January 2021. The surfers can rent surfboards from the SurfUp app, pick them up from the rental stations, and experience the waves. Chris Hissom founded SurfUp in May 2019. The proceeds of the current crowdfunding campaign, with a minimum goal of $25,000 and a maximum goal of $250,000, will be used for manufacturing, research and development, marketing, app development, equipment, and legal expenses. SurfUp has applied for a provisional patent and is in the process of developing the automated platform.
Investment Overview
Raised: $36,672
Deal Terms
Total Commitments ($USD)
- Platform
- Microventures
- Start Date
- 03/03/2021
- Close Date
- 08/02/2021
$25,000
$250,000
$100
Convertible Note
Pre-Seed
RegCF
$2,000,000
$2,500,000
0%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Travel and Hospitality
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/02/2021 | Microventures | $2,500,000 | $36,672 | Convertible Note | Funded | RegCF |