Next Door Photos

Top Deal
BETA

A real estate photography company with 40+ locations making an impact globally

Analytics

Raised to Date: $465,612

Aggregate Commitments $
Platform

Wefunder

Start Date

04/03/2020

Close Date

04/29/2020

Min. Goal

$100,000

Max. Goal

$500,000

Min. Investment

$500

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$8,000,000

Weekly Commitments $
Status
Funded
Reporting Date

05/03/2020

Days Remaining
Funded
% of Min. Goal

466%

% of Max. Goal

93%

Likelihood of Max
Funded
Avg. Daily Raise

$17,908

# of Investors

279

Momentum
Funded
Location
Industry

Marketing & Advertising

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

Next Door Photos, with a pre-money valuation of $10 million, is raising funds on WeFunder. It is a real estate photography company that captures real estate listings and delivers all media to brokers and realtors. The enterprise model makes the process of publishing listings faster, more convenient, and more cost-efficient. Next Door Photos was founded by Paul VanderKuyl and Taylor Blom in 2015 and has raised over $1.9 million since its founding. The current crowdfunding round has a minimum target of $100,000 and a maximum target of $500,000, and the funds will be used towards marketing, new product development, growth team addition, and working capital. Next Door Photos has proven traction, with revenues of $2.06 million in 2019, doubling year-over-year for the past four consecutive years. The platform is highly scalable, with Next Door Photos executing over 27,000 photoshoots in 2019 and editing an average of 72,000 photos per month.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$931,839

$439,631

COGS

$590,884

$227,096

Tax

$0

$0

 

 

Net Income

$-618,932

$-282,208

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$52,927

$66,160

Accounts Receivable

$189,282

$120,874

Total Assets

$199,418

$167,582

Short-Term Debt

$127,271

$63,613

Long-Term Debt

$294,455

$0

Total Liabilities

$421,726

$358,458

Ratings

last updated 08/23/2020

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Analyst Report

Top Deal
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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