Tropical Racing

Tropical Racing

Growth Stage

Disrupting the thoroughbred horse racing establishment

Disrupting the thoroughbred horse racing establishment

Overview

Raised to Date: Raised: $11,390,037

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

02/11/2021

Close Date

Not Provided

Min. Goal
$1,050
Max. Goal
$49,980,000
Min. Investment

$1,050

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$3.50

Pre-Money Valuation

$203,647,301

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/04/2022

% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$24,080

# of Investors

186

Momentum
Funded
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Year Founded

2017

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Versailles, Kentucky

Business Type

Life Style

Tropical Racing is raising funds on Dalmore Group through Reg A+ crowdfunding. The company helps investors invest in the thoroughbred industry and drive income, revenues, and profitability. The team is made up of investors, advisors, and horse breeders and seeks to invest in all facets of the thoroughbred racing industry. The investment process of Tropical Racing is proven and repeatable and is based on extensive contacts, firsthand knowledge, and impressive history. Troy Levy founded Tropical Racing in 2017. The current crowdfunding campaign has no minimum target and a maximum target of $49,980,000. The campaign proceeds will be used to purchase the Circle 8 ranch, purchase neighboring farms, acquire racehorses, purchase ranch equipment, and upgrade the barn operations.

Balance Sheet

Cash and Cash Equivalents

$130,897

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$21,464

Loans

$0

Property, Plant and Equipment (PP&E)

$3,145,162

Property and Equipment

$0

Total Assets

$3,473,309

Accounts Payable & Accrued Liabilities

$106,606

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$3,266,098

Total Liabilities

$3,372,704

Total Stockholders' Equity

$100,605

Total Liabilities and Equity

$3,473,309

Statement of Comprehensive Income Information

Total Revenues

$103,480

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$511,269

Total Interest Expenses

$0

Depreciation and Amortization

$121,714

Net Income

$-530,632

Earnings Per Share - Basic

$-0.01

Earnings Per Share - Diluted

$-0.01

Financials as of: 02/11/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Tropical Racing 05/30/2022 Dalmore Group $203,647,301 $11,390,037 Equity - Common Funded RegA+
Tropical Racing 03/29/2021 Republic $108,516,122 $142,332 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Add to portfolio
Tropical Racing on Dalmore Group 2021
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $203,647,301
Price per Share: $3.50

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