Vestigo

Vestigo

Closed: Apr. 2021

About this raise

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.

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Investment Overview

Invested this round: $130,350

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
03/12/2021
Close Date
04/30/2021
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$6,800,000

Valuation Cap

$8,000,000

Discount

20%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Marshall Mosher
Title
CEO
Founder Name
Daniel McBrayer
Title
CTO

Financials

 Revenue +109% YoY
$201,431
 Monthly Burn
$4,234
 Runway
0.6 months
 Gross Margin
53%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2021 Wefunder $8,000,000 $130,350 SAFE Funded RegCF
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Add to portfolio
Vestigo on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

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