Wave

Wave

Closed: Jul. 2024

About this raise

Wave is raising funds on Dealmaker Securities. It is a rideshare platform offering exceptional user experiences. Wave keeps safety, quality, and integrity of utmost importance and has a strong community of drivers, riders, and business partners. The company has high-profile collaborations with Molson Coors, iHeartMedia, NFL’s Carolina Panthers, and NBA’s Charlotte Hornets and grew its revenue by 200% year-over-year in 2022. Diondre Lewis founded Wave in September 2019. The current crowdfunding campaign has a minimum target of $5,000 and a maximum target of $1.24 million. The campaign proceeds will be used for driver onboarding, purchasing dedicated vehicles, marketing and promotion, hiring, and social media marketing.

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Investment Overview

Invested this round: $74,320

Deal Terms

Total Commitments ($USD)

Platform
DealMaker Securities
Start Date
10/09/2023
Close Date
07/19/2024
Min. Goal
$5,000
Max Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.25

Pre-Money Valuation

$25,000,000

Company & Team

Company

Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Charlotte, North Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Diondre Lewis
Title
CEO, CTO
Founder Name
Tajah Lewis
Title
COO

Financials

as of Fiscal Year 2022
 Revenue +168% YoY
$3,006,190
 Monthly Burn
Profitable
 Cash on Hand
$38,770
Gross Margin
100%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$3,006,190

$1,120,000

COGS

$887

$0

Tax

$145,000

$0

 

 

Net Income

$339,210

$-82,644

Summary Balance Sheet

FY 2022 FY 2021

Cash

$38,770

$116,200

Accounts Receivable

$103,398

$95,329

Total Assets

$751,545

$211,529

Short-Term Debt

$188,752

$0

Long-Term Debt

$69,538

$0

Total Liabilities

$258,290

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/19/2024 DealMaker Securities $25,000,000 $74,320 Equity - Common Funded RegCF
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Add to portfolio
Wave on Dealmaker Securities 2023
Platform: DealMaker Securities
Security Type: Equity - Common
Valuation: $25,000,000
Price per Share: $0.25

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Follow Wave on Dealmaker Securities 2023

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

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