Aggregate Commitments $
Republic
03/26/2021
04/29/2021
$25,000
$1,070,000
$100
SAFE
RegCF
Series A
$16,000,000
10%
Rolling Commitments $
Active
04/21/2021
6
212%
5%
$2,041
153
Atlanta, Georgia
Real Estate & Construction
Proptech
B2C
High
Low
Growth
SimpleShowing, with a valuation cap of $16 million, is raising crowdfunding on Republic. SimpleShowing is an innovative and new way to tour and buy a home. The home buyers initiate showings according to their convenience, without paying any cost for the tour. They are also entitled to a share in the commission equalling 1.5% of the home price. SimpleShowing is the real-estate for the modern world. The company was founded by Fred McGill and Jeremy Gamble in January 2018 and has raised over $1.6 million in previous rounds of funding. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000. SimpleShowing already has monthly revenue of $100,000, with a 140% user growth and 41% compound annual revenue growth since 2018.
Summary Profit and Loss Statement
|
Revenue |
$578,479 |
$392,174 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
|
|
||
|
|
||
|
Net Income |
$-399,086 |
$-334,111 |
Summary Balance Sheet
|
Cash |
$735,552 |
$148,445 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$800,824 |
$192,800 |
|
Short-Term Debt |
$520,092 |
$14,484 |
|
Long-Term Debt |
$0 |
$463,322 |
|
Total Liabilities |
$520,092 |
$477,806 |
Summary of Crowdfunding Raises
| 04/29/2021 | Republic | $16,000,000 | $53,054 | SAFE | Active | RegCF |
| 10/15/2019 | Republic | $8,000,000 | $1,070,000 | SAFE | Confirmed Closed | RegCF |
