VUGO

Early Stage

We help rideshare drivers make more money while riders get interactive entertainment

Analytics

Raised to Date: Raised: $118,026

Aggregate Commitments $

Platform

Wefunder

Start Date

01/20/2021

Close Date

08/11/2021

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Price Per Share

$0.70

Pre-Money Valuation

$9,050,000

Rolling Commitments $

Status
Funded
Reporting Date

08/31/2021

Days Remaining
Funded
% of Min. Goal

236%

% of Max. Goal

11%

Likelihood of Max
Funded
Avg. Daily Raise

$581

Momentum
Funded
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Location

Wayzata, Minnesota

Industry

Marketing & Advertising

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Business Type

Growth

VUGO, with a pre-money valuation of $9.05 million, is raising crowdfunding on Wefunder. The company places advertising and entertainment content inside and on top of rideshare vehicles of companies like Uber and Lyft using digital screens and software. The drivers add incremental income to their trips, while the passengers get new entertainment and discover new products. Robert Flessner and James Bellefeuille founded VUGO in 2015 and have raised over $1.3 million since the inception. 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 operating expenses, development and tech management, and market expansion. VUGO has partnerships with Disney and VIA Ridesharing and is among one of the top startups to watch.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$7,993

$5,815

COGS

$0

$0

Tax

$713

$635

 

 

Net Income

$-313,908

$-360,880

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$241,484

$1,456

Accounts Receivable

$3,450

$3,450

Total Assets

$290,145

$65,189

Short-Term Debt

$102,943

$96,513

Long-Term Debt

$532,435

$620,000

Total Liabilities

$635,378

$716,513

Financials as of: 01/20/2021
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VUGO on Wefunder
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $9,050,000

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