Well Traveled Group
Early Stage
The private network for a new generation of modern travelers.
Overview
Raised: $77,250
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/17/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$200
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$12,000,000
Valuation Cap
$14,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/03/2023
Days Remaining
331
% of Min. Goal
155%
% of Max. Goal
62%
Likelihood of Max
Avg. Daily Raise
$4,544
# of Investors
44
Momentum
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Year Founded
2019
Industry
Travel and Hospitality
Tech Sector
CommerceTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Well Traveled, with a valuation cap of $14 million, is raising funds on Wefunder. The company is a private network for a new generation of modern travelers. It provides a platform for members to explore featured destinations, book trips, and read trusted reviews. Well Traveled has seen significant growth, with membership increasing 2.5X YoY, surpassing 1,500 paying members, and generating $205K in ARR. Samantha Patil, a seasoned professional with leadership experience at Pandora Media, Snapchat, and Dollar Shave Club, founded Well Traveled. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for further growth and development of the platform.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$195,272 |
$52,423 |
|
COGS |
$7,703 |
$3,193 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,012,797 |
$-617,263 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$225,207 |
$714,268 |
|
Accounts Receivable |
$5,760 |
$4,579 |
|
Total Assets |
$482,222 |
$851,228 |
|
Short-Term Debt |
$309,182 |
$130,685 |
|
Long-Term Debt |
$1,836,500 |
$1,371,500 |
|
Total Liabilities |
$2,145,682 |
$1,502,185 |
Financials as of: 05/17/2023
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