Pathbooks

Deal To Watch
BETA

Live your own story

Analytics

Raised to Date: $22,798

Aggregate Commitments $
Platform

Republic

Start Date

04/21/2020

Close Date

12/31/2020

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,000,000

Discount Rate

15%

Weekly Commitments $
Status

Active

Reporting Date

10/25/2020

Days Remaining

65

% of Min. Goal

46%

% of Max. Goal

2%

Likelihood of Max
Avg. Daily Raise

$122

# of Investors

91

Momentum
Location

San Jose, CA

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

High Growth

Pathbooks, with a $5 million valuation cap, is raising funds on Republic. The reading app of Pathbooks is redefining the concept of reading by engaging young readers in an immersive experience. Readers are made a part of the story, immersed in the plot, and invited to make decisions impacting the conclusion of the book. The product, thus, not only inculcates reading habits but also develops decision-making skills and key emotions. Pathbooks was founded by Jorge Louis Caballero in May 2018. The proceeds of the current round of crowdfunding, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used to increase the number of paid subscribers, broaden the reader base, and attract branded authors. Pathbooks has already been downloaded by over 1 million users across five continents and is expected to reach 40,000 subscribers and $2 million in revenue in the next twelve months.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$3,370

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-25,397

$-55,352

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$84,976

$20,248

Accounts Receivable

$430

$0

Total Assets

$137,423

$21,248

Short-Term Debt

$11,508

$0

Long-Term Debt

$0

$0

Total Liabilities

$11,508

$0

Ratings

last updated 10/27/2020

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Analyst Report

Deal To Watch
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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