Whimstay
Early Stage
Last-Minute Stays
Overview
Raised: $1,727,135
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/28/2021
Close Date
10/25/2022
Min. Goal
$9,999
Max. Goal
$5,000,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.38
Pre-Money Valuation
$33,877,479
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,784
# of Investors
1,012
Momentum
Funded
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Year Founded
2018
Industry
Travel and Hospitality
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Whimstay, with a valuation of $33.9 million, is raising funds on StartEngine. The company has developed a vacation rental platform that offers last-minute deals on professionally managed properties. The platform negotiates good deals on unsold inventory to provide the best value to travelers. Whimstay has partnered with more than 580 property management companies for exclusive last-minute deals. Ben Jamshahi founded Whimstay in August 2018. The current crowdfunding campaign has a minimum target of $9,999.48 and a maximum target of $1,069,999.56. The campaign proceeds will be used to develop new engaging products for the platform.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$20,381 |
$1,521 |
|
COGS |
$7,516 |
$561 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,150,534 |
$-2,113,794 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$22,342 |
$34,616 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$140,263 |
$220,359 |
|
Short-Term Debt |
$163,596 |
$155,693 |
|
Long-Term Debt |
$2,374,871 |
$1,745,000 |
|
Total Liabilities |
$2,538,467 |
$1,900,693 |
Financials as of: 10/28/2021
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