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
unlikely
Avg. Daily Raise

$1,039

# of Investors

177

Momentum
cold
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Location

Bethel, Connecticut

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

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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