VictoryBase
Early Stage
Not rent. Not a mortgage. A new way to live.
Overview
Raised: $7,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/24/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$10.00
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
212
% of Min. Goal
14%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$189
Momentum
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Year Founded
2023
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
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.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$739,115 |
$249,098 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,707 |
$-63,994 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$125,569 |
$72,564 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$389,065 |
$239,930 |
|
Short-Term Debt |
$559,004 |
$446,162 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$559,004 |
$446,162 |
Financials as of: 08/24/2023
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