Lynx City
Eco-friendly micro-mobility options supporting local wildlife
Analytics
Raised to Date: $64,405
Aggregate Commitments $
Platform
Republic
Start Date
02/18/2021
Close Date
04/30/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Funding Type
RegCF
Series
Pre-Seed
Valuation Cap
$12,000,000
Discount Rate
20%
Rolling Commitments $
Status
Active
Reporting Date
04/21/2021
Days Remaining
8
% of Min. Goal
258%
% of Max. Goal
6%
Likelihood of Max
Avg. Daily Raise
$1,039
# of Investors
177
Momentum
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Location
Bethel, Connecticut
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Lynx City, with a valuation cap of $12 million, is raising crowdfunding on Republic. It is an e-scooter rental company that aims to use micro-mobility to promote civic interests and make everyday life easy. A portion of each ride is donated to local wildlife rehabilitation experts. Alan Moisio, David Harvey, and Derek Pierson founded Lynx City in May 2019. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used to launch in seven new locations in 2021. Lynx City has offered over 70,000 rides since its launch and generated $500,000 in revenue. The company expects to reach $15 million in revenue by 2023.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-20,938 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$6,513 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$168,924 |
$0 |
|
Short-Term Debt |
$5,083 |
$0 |
|
Long-Term Debt |
$5,083 |
$0 |
|
Total Liabilities |
$10,166 |
$0 |
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