Gesture

Gesture

Early Stage

Gifting reinvented

Gifting reinvented

Overview

Raised to Date: Raised: $192,530

Total Commitments ($USD)

Platform

Republic

Start Date

06/02/2020

Close Date

10/30/2020

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/31/2020

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

$1,292

# of Investors

355

Momentum
Funded
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Year Founded

2017

Industry

Consumer Products, Goods & Services

Tech Sector

CommerceTech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

Low

Location

New York, New York

Business Type

Growth

Gesture, with a $10 million valuation cap, is raising funds on Republic. The company is reinventing gifting and making it simple, affordable, and quick. The Gesture app allows users to choose a gesture and recommends gifts accordingly. The G-runners, then, pick up the gift from local vendors and deliver it within the hour. Gesture was founded by Ben Labra, Daniel Sosunov, and Christian Castadena in October 2017 and has raised over $1 million since its inception. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000, and the proceeds will be used for aggressive expansion. Gesture currently delivers in more than 30 cities in the US and has fulfilled thousands of orders to date.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$10,792

$0

COGS

$12,273

$0

Tax

$0

$0

 

 

Net Income

$-263,851

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$423,278

$0

Accounts Receivable

$0

$0

Total Assets

$434,191

$0

Short-Term Debt

$5,631

$0

Long-Term Debt

$0

$0

Total Liabilities

$5,631

$0

Financials as of: 06/02/2020
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Gesture on Republic
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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