Tropical Racing
[Closed for Investment] 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.
Investment Overview
Raised: $142,332
Deal Terms
Total Commitments ($USD)
- Platform
- Republic
- Start Date
- 02/05/2021
- Close Date
- 03/30/2021
$100,000
$1,070,000
$450
Equity - Common
Seed
RegCF
$2.25
$108,516,122
Company & Team
Company
- Year Founded
- 2017
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue -28.9% YoY
- $90,167
- Monthly Burn
- $133,646
-
Runway
- 0.7 months
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Company Funding & Growth
Funding history
Growth Charts
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.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.