WingTips (2024)
About this raise
WingTips, with a valuation of $12 million, is raising funds on Wefunder. The company provides on-demand air services for short distances using technology to drive crowd scheduling. WingTips passengers 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 live in California, Nevada, Texas, and Arizona and plans to open two new regions per year starting in 2024. Mike Azzarello, Bruce J Holmes, and Laurie Garrow founded WingTips in January 2008. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $618,000. The campaign proceeds will be used for marketing, salaries, and app development.
Investment Overview
Not Funded: $3,950
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/21/2023
- Close Date
- 04/29/2024
$50,000
$618,000
$200
Convertible Note
Early Stage
RegCF
$12,000,000
20%
Company & Team
Company
- Year Founded
- 2008
- Industry
- Travel and Hospitality
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
-
$143,959
as of FY2022
- Monthly Burn
-
$9,000
as of FY2022
-
Runway
-
3.7 months
as of
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,078,682
- VC Backed?
- Yes
| 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.