Overview
Raised: $21,899
Total Commitments ($USD)
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
Price Per Share
$0.15
Pre-Money Valuation
$6,062,302
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/04/2023
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
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: 01/24/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Wallabing | 10/27/2023 | Wefunder | $6,062,302 | $0 | SAFE | Not Funded | RegCF |
| Wallabing | 05/31/2023 | StartEngine | $6,062,302 | $21,899 | Equity - Common | Funded | RegCF |
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