Wallabing (2023)

Wallabing (2023)

About this raise

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.

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Investment Overview

Invested this round: $21,899

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
01/24/2023
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Jason Carlson
Title
CEO
Founder Name
Mary Carlson
Title
Chairman of the Board

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$88,050
 Runway
0.1 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$760,139
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/27/2023 Wefunder $6,062,302 $0 SAFE Not Funded RegCF
05/31/2023 StartEngine $6,062,302 $21,899 Equity - Common Funded RegCF
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Growth Charts

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.

Valuation History

Price per Share History

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

Employee History

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

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Follow Wallabing on StartEngine 2023

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

Wallabing Deal Report

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