RealtyFeed
Early Stage
A social network for real estate professionals
Overview
Raised: $57,935
Total Commitments ($USD)
Platform
Republic
Start Date
12/30/2020
Close Date
04/30/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$20,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$483
# of Investors
112
Momentum
Funded
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Year Founded
2011
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
RealtyFeed, with a valuation cap of $20 million, is raising funds on Republic. The company has developed a real estate social network for the next generation. The app combines the real estate market and communication into one platform and empowers real estate professionals. Ali Attar and Giselle Abadi founded RealtyFeed in 2011. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,070,000, and the funds will be used to develop the phase two features and launch the app in the US and Canadian real estate markets. RealtyFeed has been profitable for three years and has generated $6.5 million in revenue to date. The company has partnerships with over 200 real estate associations with more than 1.6 million members.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$999,699 |
$689,411 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-182,324 |
$7,200 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$7,363 |
$83,026 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$207,363 |
$333,026 |
|
Short-Term Debt |
$214,690 |
$165,070 |
|
Long-Term Debt |
$7,041 |
$0 |
|
Total Liabilities |
$221,731 |
$165,070 |
Financials as of: 12/30/2020
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