VictoryBase

VictoryBase

Closed: Aug. 2024

About this raise

VictoryBase is raising funds on Wefunder. The company is developing a revolutionary approach to the real estate world by empowering the residents with equity ownership. VictoryBase enables residents of their community to invest through monthly payments and build equity investments without a mortgage commitment. The business is led by an experienced team and has $23.2 million of high-quality residential real estate assets under management. Thomas Paquin founded VictoryBase in August 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for purchasing units of VictoryBase holdings and working capital.

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Investment Overview

Invested this round: $79,000

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
08/24/2023
Close Date
08/20/2024
Min. Goal
$50,000
Max Goal
$5,000,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.00

Company & Team

Company

Year Founded
2023
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
Southlake, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Tom Paquin
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue +197% YoY
$739,115
 Monthly Burn
$3,814
 Runway
3.5 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,441

$739,115

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-45,773

$-3,707

Summary Balance Sheet

FY 2023 FY 2022

Cash

$13,177

$125,569

Accounts Receivable

$446

$0

Total Assets

$460,098

$389,065

Short-Term Debt

$714,410

$559,004

Long-Term Debt

$0

$0

Total Liabilities

$714,410

$559,004

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,700
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/20/2024 Wefunder - $79,000 Equity - Common Funded RegCF
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Add to portfolio
VictoryBase on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Common
Price per Share: $10.00

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Follow VictoryBase on Wefunder 2023

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Warning: according to the close date for this deal, VictoryBase may no longer be accepting investments.

VictoryBase Deal Report

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