CONBODY
Early Stage
Prison-style bootcamp that hires former inmates to teach fitness classes
Overview
Raised: $537,893
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/21/2020
Close Date
11/13/2020
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$2,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,718
# of Investors
88
Momentum
Funded
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Year Founded
2018
Industry
Fitness & Wellness
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
CONBODY, with a $4 million valuation cap, is raising crowdfunding on Wefunder. It is a prison-style boot camp that provides group fitness classes, live stream at-home classes, and on-demand workout videos. CONBODY hires former inmates as instructors for its fitness classes and sends the social message of prison reform. CONBODY was founded by Coss Marte in 2018 and has raised over $495,000 since its founding. The proceeds of the current round of crowdfunding, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for marketing, developing more videos, salaries, and working capital. CONBODY has been featured in over 200 media outlets and reported a 75% increase in monthly revenue from January 2020 to May 2020.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$266,124 |
$59,427 |
|
COGS |
$101,110 |
$12,318 |
|
Tax |
$583 |
$0 |
| ||
| ||
|
Net Income |
$-25,896 |
$-97,611 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$950 |
$3,854 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$400,692 |
$451,494 |
|
Short-Term Debt |
$105,550 |
$129,172 |
|
Long-Term Debt |
$98,859 |
$100,142 |
|
Total Liabilities |
$204,409 |
$229,314 |
Financials as of: 07/21/2020
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