Overview
Raised: $34,475
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/10/2023
Close Date
08/28/2024
Min. Goal
$50,000
Max. Goal
$1,800,000
Min. Investment
$200
Security Type
SAFE
Series
Series A
SEC Filing Type
RegCF
Early Bird Val. Cap
$5,500,000
Valuation Cap
$6,062,302
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
337
% of Min. Goal
69%
% of Max. Goal
2%
Likelihood of Max
Avg. Daily Raise
$442
Momentum
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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 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: 07/10/2023
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