Wallabing

Early Stage

Spend Less, Wander More

Overview

Raised to Date: Raised: $7,539

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/24/2023

Close Date

05/01/2023

Min. Goal

$10,000

Max. Goal

$1,235,000

Min. Investment

$175

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$0.15

Pre-Money Valuation

$6,062,302

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/03/2023

Days Remaining

87

% of Min. Goal

75%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$754

# of Investors

23

Momentum
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Location

Plano, Texas

Industry

Travel and Hospitality

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

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

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,056,603

$-714,424

Summary Balance Sheet

Most Recent Year Prior Year

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

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