WingTips (previously Personal Airline) (2022)
About this raise
WingTips, with a valuation of $25 million, is raising funds on Wefunder. The company provides on-demand air services for short distances using technology to drive crowd scheduling. The passengers of WingTips travel four times faster than driving or other airlines at affordable pricing. The passengers are aggregated with other passengers for flights to create a low-cost model. WingTips is led by an experienced team and reported a ten times increment in year-to-date 2022 revenue compared to all of 2021 revenue. Mike Azzarello founded WingTips in January 2008. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $535,000. The campaign proceeds will be used for marketing, salaries, app development, rent, and infrastructure and consulting fees.
Investment Overview
Invested : $123,775
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 07/18/2022
- Close Date
- 11/18/2022
$50,000
$535,000
$100
Convertible Note
Early Stage
RegCF
$20,000,000
$25,000,000
20%
Company & Team
Company
- Year Founded
- 2008
- Industry
- Travel and Hospitality
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,854,907
- VC Backed?
- No
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| WingTips | 04/29/2024 | Wefunder | $12,000,000 | $3,950 | Convertible Note | Not Funded | RegCF |
| WingTips (previously Personal Airline) | 11/18/2022 | Wefunder | $25,000,000 | $123,775 | Convertible Note | Funded | RegCF |
| Personal Airline | 11/12/2019 | StartEngine | $3,625,266 | $18,659 | Equity - Common | Funded | RegCF |
| Pax | 12/30/2017 | StartEngine | $3,595,166 | $32,850 | Equity - Common | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.