Cadi

Deal To Watch
BETA

Combining autonomous retail and ecommerce to revolutionize golf

Analytics

Raised to Date: $440,239

Aggregate Commitments $
Platform

StartEngine

Start Date

11/13/2020

Close Date

04/30/2021

Min. Goal

$10,000

Max. Goal

$1,069,999

Min. Investment

$249

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$10,051,686

Weekly Commitments $
Status

Active

Reporting Date

02/24/2021

Days Remaining

63

% of Min. Goal

4,403%

% of Max. Goal

41%

Likelihood of Max
Avg. Daily Raise

$4,274

# of Investors

478

Momentum
Location

Nashville, Tennessee

Industry

Consumer Products, Goods & Services

Tech Sector

AutomationTech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Cadi, with a pre-money valuation of $10.1 million, is raising crowdfunding on StartEngine. The company is revolutionizing golf by combining retail and e-commerce. Cadi uses technology to connect golfers with the products they love and leads the autonomous future of golf retail. Tyler Gottstein and Matt Ahrens founded Cadi in 2016. The current round of crowdfunding has a minimum raise of $9,999.65 and a maximum raise of $1,069,998.67. The raise’s proceeds will be used to take the business to the next stage, expand the technology, and positively impact recreational sports. Cadi has already signed letters of intent with 63 golf courses in the pilot testing stage and has access to over 250,000 golfers.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$349,595

$12,889

COGS

$229,879

$8,775

Tax

$0

$0

 

 

Net Income

$-44,384

$-49,259

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$71,675

$54,746

Accounts Receivable

$0

$0

Total Assets

$244,094

$166,619

Short-Term Debt

$84,500

$30,892

Long-Term Debt

$316,254

$0

Total Liabilities

$400,754

$314,093

Ratings

last updated 02/25/2021

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Analyst Report

Deal To Watch
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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