Wave
Growth Stage
Future of Rideshare and Delivery
Overview
Raised: $74,320
Total Commitments ($USD)
Platform
Dealmaker Securities
Start Date
10/08/2023
Close Date
09/01/2024
Min. Goal
$5,000
Max. Goal
$1,235,000
Min. Investment
$500
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.25
Pre-Money Valuation
$25,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/07/2024
Days Remaining
116
% of Min. Goal
1,486%
% of Max. Goal
6%
Likelihood of Max
Avg. Daily Raise
$351
# of Investors
65
Momentum
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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.
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 |
Financials as of: 10/08/2023
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