MySwimPro

MySwimPro

Early Stage

Personal Swim Coaching Program — named best Apple Watch app of the year.

Personal Swim Coaching Program — named best Apple Watch app of the year.

Overview

Raised to Date: Raised: $457,357

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/08/2021

Close Date

02/28/2022

Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$15,000,000

Valuation Cap

$20,000,000

Discount

25%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/05/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$4,120

# of Investors

475

Momentum
Funded
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Year Founded

2015

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Ann Arbor, Michigan

Business Type

Growth

MySwimPro, with a valuation of $20 million, is raising funds on Wefunder. The fitness application offers training experience to beginners and professional swimmers with the help of training plans, video content, personalized workouts, and analytics to measure performance. MySwimPro has over 1.5 million app downloads and has generated over $3 million in subscription revenue. Fares Ksebati, Adam Oxner, and Michael Allon founded MySwimPro in 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5,000,000. The campaign proceeds will be used for content marketing, product development, marketing, and operational expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$969,752

$1,126,063

COGS

$0

$0

Tax

$25

$1,456

 

 

Net Income

$89,842

$143,934

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$745,378

$671,540

Accounts Receivable

$41,447

$46,349

Total Assets

$1,001,842

$819,389

Short-Term Debt

$9,188

$7,928

Long-Term Debt

$746,871

$664,070

Total Liabilities

$756,059

$671,998

Financials as of: 11/08/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
MySwimPro 12/05/2023 Wefunder $20,000,000 $136,550 SAFE Funded RegCF
MySwimPro 02/27/2022 Wefunder $20,000,000 $457,357 SAFE Funded RegCF
MySwimPro 04/02/2019 Wefunder $10,000,000 $599,276 SAFE Funded RegCF
MySwimPro 08/30/2017 Wefunder $5,000,000 $131,530 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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MySwimPro on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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