Wallabing

Wallabing

Early Stage

AirBNB for RVs

AirBNB for RVs

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/09/2023

Close Date

10/27/2023

Min. Goal
$50,000
Max. Goal
$1,800,000
Min. Investment

$200

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,500,000

Valuation Cap

$6,062,302

Discount

0%

Year Founded

2018

Industry

Travel and Hospitality

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Plano, Texas

Business Type

High Growth

Wallabing, with a valuation of $6 million, is raising funds on Wefunder. The company has developed a peer-to-peer rental marketplace for recreational vehicles (RVs). The platform connects RV owners, renters, travelers, and adventurers and facilitates the process. Wallabing enables RV owners to rent out their RVs that they do not use personally quite often. The company has increased its inventory by 628% in the past six months. Jason Carlson and Mary Carlson founded Wallabing in February 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $596,000. The campaign proceeds will be used for marketing, operations and additional runway, and development.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-722,684

$-786,865

Summary Balance Sheet

FY 2022 FY 2021

Cash

$10,500

$11,667

Accounts Receivable

$0

$0

Total Assets

$602,356

$707,242

Short-Term Debt

$12,390

$13,150

Long-Term Debt

$1,218,243

$1,065,438

Total Liabilities

$1,230,633

$1,078,588

Financials as of: 07/09/2023
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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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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

Funding data not publicly available

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Wallabing on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $6,062,302

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