Vestigo

Vestigo

Early Stage

VR Adventure Experiences for Teams

VR Adventure Experiences for Teams

Overview

Raised to Date: Raised: $130,350

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/11/2021

Close Date

04/30/2021

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$6,800,000

Valuation Cap

$8,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2021

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

$2,660

# of Investors

105

Momentum
Funded
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Year Founded

2015

Industry

Business Services, Software, & Applications

Tech Sector

AutomationTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Atlanta, Georgia

Business Type

Growth

Vestigo, with a valuation cap of $8 million, is raising crowdfunding on Wefunder. The application inspires new mindsets through adventure. It helps teams solve their problems and build connections through VR adventure experiences. Marshall Mosher and Daniel McBrayer founded Vestigo in 2015. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used towards hiring new developers, project managers, and other employees, expanding the VR headset inventory, and paying salaries. Vestigo is working the best during the COVID pandemic when the need for virtual team building is at its peak. The current clients of the company include Microsoft, Home Depot, EY, and AT&T, among others.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$201,431

$96,094

COGS

$95,175

$20,072

Tax

$0

$0

 

 

Net Income

$-50,811

$-51,530

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,680

$3,303

Accounts Receivable

$0

$0

Total Assets

$55,089

$3,303

Short-Term Debt

$92,404

$32,900

Long-Term Debt

$175,670

$142,073

Total Liabilities

$268,074

$174,973

Financials as of: 03/11/2021
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Vestigo on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

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