Wallabing

Wallabing

Early Stage

Spend Less, Wander More

Spend Less, Wander More

Overview

Raised to Date: Raised: $21,899

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/23/2023

Close Date

05/31/2023

Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$175

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.15

Pre-Money Valuation

$6,062,302

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/03/2023

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

$172

# of Investors

45

Momentum
Funded
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Year Founded

2018

Industry

Travel and Hospitality

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Plano, Texas

Business Type

Growth

Wallabing, with a valuation of $6.06 million, is raising funds on StartEngine. It is an RV rental platform that connects RV owners to their customers coast-to-coast. The peer-to-peer marketplace of Wallabing allows owners and rental businesses to rent out their trailers, campers, RVs, and vans and helps customers find affordable pricing. Wallabing has grown by increasing its inventory by 682%, consultant count to 164, and offering listings in 26 US states. Jason Carlson and Mary Carlson founded Wallabing in February 2018. The current crowdfunding campaign has a minimum target of $9,999.90 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing and operations.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,056,603

$-714,424

Summary Balance Sheet

FY 2022 FY 2021

Cash

$11,667

$253,062

Accounts Receivable

$0

$0

Total Assets

$576,138

$1,008,408

Short-Term Debt

$0

$0

Long-Term Debt

$315,000

$315,000

Total Liabilities

$315,000

$315,000

Financials as of: 01/23/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Wallabing 10/26/2023 Wefunder $6,062,302 $0 SAFE Not Funded RegCF
Wallabing 05/30/2023 StartEngine $6,062,302 $21,899 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Wallabing on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $6,062,302
Price per Share: $0.15

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