This company is no longer in business. Investors can get details about any potential exits or failures here.
Simply Tiny Development
Early Stage
We develop sustainable Tiny Homes and CamperVans that lower the cost of ownership
Overview
Raised: $61,650
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/23/2021
Close Date
11/26/2021
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$2,800,000
Valuation Cap
$3,800,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$398
# of Investors
60
Momentum
Funded
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Year Founded
2019
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Simply Tiny Development, with a valuation cap of $3.8 million, is raising funds on Wefunder. The company makes sustainable and affordable tiny homes and camper vans. The business is helping solve housing issues in the US with its clean, sustainable, and low-cost housing alternatives. Dr. Sean Dixon founded Simply Tiny Development in 2019. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $100,000, and the funds will be used towards marketing, CoGS, insurance, legal fees, land acquisition for tiny homes, salaries, debt repayments, and van conversion material and supplies. Simply Tiny Development has fifteen homes scheduled for development through 2024, and camper vans have pre-purchase requests.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-4,179 |
$-50 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,290 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$47,553 |
$29,023 |
|
Short-Term Debt |
$2,733 |
$0 |
|
Long-Term Debt |
$10,958 |
$12,315 |
|
Total Liabilities |
$13,691 |
$12,315 |
Financials as of: 06/23/2021
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