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Flexable

Flexable

Early Stage

On-demand childcare to make Life + Work fit

On-demand childcare to make Life + Work fit

Overview

Raised to Date: Raised: $47,703

Total Commitments ($USD)

Platform

Republic

Start Date

05/11/2020

Close Date

12/31/2020

Min. Goal
$25,000
Max. Goal
$481,500
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/02/2021

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

$205

# of Investors

143

Momentum
Funded
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Year Founded

2016

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Pittsburgh, Pennsylvania

Business Type

Growth

Flexable, with a valuation cap of $4 million, is raising funds on Republic. It is a B2B company that offers on-demand and safe childcare services to companies and their employees. The childcare services can be provided at workplaces and at events around the country. During the ongoing COVID pandemic, Flexable also offers online Virtual MiniCamps to people working remotely at home. Flexable was founded by Priya Amin and Jessica Strong in 2016 and has raised more than $500,000 since its inception. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $481,500, and the proceeds will be used to grow the business contracts to over 400 and increase the revenue. Flexable has already provided services at over 1,000 events and across 150 business relationships. The company has generated $200,000 in gross revenue to date and is expected to reach $6 million in revenues by 2022.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$123,895

$65,442

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$152,471

$123,039

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$10,462

$46,241

Accounts Receivable

$5,538

$0

Total Assets

$17,948

$47,791

Short-Term Debt

$10,972

$5,624

Long-Term Debt

$402,047

$256,666

Total Liabilities

$413,019

$262,290

Financials as of: 05/11/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Flexable 12/30/2020 Republic $4,000,000 $47,703 SAFE Funded RegCF
Flexable 02/17/2020 Honeycomb - $52,500 Convertible Note 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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Flexable on Republic
Platform: Republic
Security Type: SAFE
Valuation: $4,000,000

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