SimpleShowing

The new way to tour and buy a home

Analytics

Raised to Date: $94,398

Aggregate Commitments $
Platform

Republic

Start Date

03/26/2021

Close Date

07/31/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$16,000,000

Discount Rate

10%

Rolling Commitments $
Status

Active

Reporting Date

05/12/2021

Days Remaining

77

% of Min. Goal

378%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,008

# of Investors

306

Momentum
cool
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Location

Atlanta, Georgia

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

SimpleShowing, with a valuation cap of $16 million, is raising crowdfunding on Republic. SimpleShowing is an innovative and new way to tour and buy a home. The home buyers initiate showings according to their convenience, without paying any cost for the tour. They are also entitled to a share in the commission equalling 1.5% of the home price. SimpleShowing is the real-estate for the modern world. The company was founded by Fred McGill and Jeremy Gamble in January 2018 and has raised over $1.6 million in previous rounds of funding. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000. SimpleShowing already has monthly revenue of $100,000, with a 140% user growth and 41% compound annual revenue growth since 2018.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$578,479

$392,174

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-399,086

$-334,111

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$735,552

$148,445

Accounts Receivable

$0

$0

Total Assets

$800,824

$192,800

Short-Term Debt

$520,092

$14,484

Long-Term Debt

$0

$463,322

Total Liabilities

$520,092

$477,806

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Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
07/31/2021 Republic $16,000,000 $94,398 SAFE Active RegCF
10/15/2019 Republic $8,000,000 $1,070,000 SAFE Confirmed Closed RegCF
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