CountertopSmart

The ingenious way to save big on countertops

Analytics

Raised to Date: $111,080

Aggregate Commitments $
Platform

Republic

Start Date

01/19/2021

Close Date

04/30/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$8,500,000

Discount Rate

0%

Rolling Commitments $
Status

Active

Reporting Date

04/21/2021

Days Remaining

7

% of Min. Goal

444%

% of Max. Goal

10%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,207

# of Investors

187

Momentum
cold
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Location

Austin, Texas

Industry

Consumer Products, Goods & Services

Tech Sector

CommerceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Life Style

CountertopSmart, with a valuation cap of $8.5 million, is raising funds on Republic. It is an online marketplace that helps buyers search local partial slabs by the size, color, and species of their choice. The users can also get a quote for installation and see the stone in person. Tazio Diehl and Zach House founded CountertopSmart in January 2019. The proceeds of the current crowdfunding raise, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used to grow the team, continue market expansion, and execute growth. CountertopSmart has sold over 2,000 partial slabs and generated 22% revenue from repeat purchases. It has a $750,000 run rate and a 50% take rate.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$315,221

$97,429

COGS

$154,845

$53,358

Tax

$0

$0

 

 

Net Income

$-385,989

$-110,446

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$3,422

$3,334

Accounts Receivable

$0

$0

Total Assets

$6,504

$3,334

Short-Term Debt

$95,495

$63,496

Long-Term Debt

$336,258

$0

Total Liabilities

$431,753

$63,496

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