SwipeBy

SwipeBy

Closed: Oct. 2020

About this raise

SwipeBy, with a valuation cap of $12.5 million, is raising funds on Republic. The app allows users to directly access their favorite local restaurants, order online, and pickup from curb-side conveniently. SwipeBy also offers easy menu upload and geofenced arrival notifications for the restaurants and customizable software. Carl Turner founded SwipeBy in 2017 and has raised over $1 million since its founding. The current crowdfunding campaign has a minimum goal of $25,000 and a maximum goal of $1,070,000. SwipeBy has over 200 restaurants across 25 states on its platform. It generated over $1 million transaction volume in the second quarter of 2020, up 1,380% from the first quarter of 2020.

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Investment Overview

Invested this round: $325,154

Deal Terms

Total Commitments

Platform
Republic
Start Date
08/11/2020
Close Date
10/31/2020
Min. Goal
$25,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$12,500,000

Discount

0%

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
MarketplaceTech
Distribution Model
B2B2C
Margin
High
Capital Intensity
Low
Location
Winston-Salem, North Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Founder Name
Carl Turner
Title
CEO

Financials

 Revenue
$4,569
 Monthly Burn
$29,160
 Runway
4.7 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$4,569

$8,521

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-349,923

$-46,256

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$137,862

$4,964

Accounts Receivable

$0

$0

Total Assets

$335,331

$132,876

Short-Term Debt

$35,510

$8,304

Long-Term Debt

$0

$60,000

Total Liabilities

$35,510

$68,304

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/31/2020 Republic $12,500,000 $325,154 SAFE Funded RegCF
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SwipeBy on Republic
Platform: Republic
Security Type: SAFE
Valuation: $12,500,000

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Warning: according to the close date for this deal, SwipeBy may no longer be accepting investments.

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