Tropical Racing

Tropical Racing

Growth Stage

Disrupting the thoroughbred horse racing establishment

Disrupting the thoroughbred horse racing establishment

Overview

Raised to Date: Raised: $142,332

Total Commitments ($USD)

Platform

Republic

Start Date

02/04/2021

Close Date

03/30/2021

Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment

$450

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.25

Pre-Money Valuation

$108,516,122

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/06/2021

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

$2,686

# of Investors

104

Momentum
Funded
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Year Founded

2017

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Versailles, Kentucky

Business Type

Life Style

Company Website

Tropical Racing, one of America’s finest horse racing franchises, is raising funds on Republic. The thoroughbred racing and breeding operations are located on 200 acres of Kentucky bluegrass and aim to produce world-class thoroughbred racehorses. Troy Levy founded Tropical Racing in 2017 and has raised over $4.9 million since the inception. The proceeds of the current crowdfunding campaign, with a minimum goal of $100,000 and a maximum goal of $1,070,000, will be used to have more thoroughbred horses in its portfolio. Tropical Racing has over $3.4 million in assets and 50 thoroughbred racehorses. It is led by a team with decades of experience in the racing industry.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$90,167

$126,796

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,603,752

$-1,128,000

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$94,901

$90,410

Accounts Receivable

$0

$84

Total Assets

$3,301,808

$299,004

Short-Term Debt

$233,310

$65,813

Long-Term Debt

$3,002,343

$137,654

Total Liabilities

$3,235,653

$203,467
Financials as of: 02/04/2021
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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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Tropical Racing on Republic
Platform: Republic
Security Type: Equity - Common
Valuation: $108,516,122
Price per Share: $2.25

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Deal Analytics
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