SkyHi

Deal to Watch
BETA

Monthly subscription for flat rate airline tickets

Analytics

Raised to Date: $291,156

Aggregate Commitments $
Platform

Republic

Start Date

10/29/2019

Close Date

02/29/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Valuation

$10,000,000

Weekly Commitments $
Status
Funded
Reporting Date

03/01/2020

Days Remaining
Funded
% of Min. Goal

1,165%

% of Max. Goal

27%

Likelihood of Max
Funded
Avg. Daily Raise

$2,367

# of Investors

1,091

Momentum
Funded

SkyHi, with a valuation cap of $10 million, is raising funds on Republic. The SkyHi platform offers a subscription service to travelers to book airline tickets at flat prices. The members pay a monthly subscription fee of $199 and get air tickets to their preferred destinations at flat $35, $75, or $120, depending on the distance. SkyHi was founded by Rama Poola and Vivek Poola in February 2016 and has raised over $1.125 million since its inception. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used for expansion, improving the search algorithms, for growing the team. SkyHi is already serving 93 cities and 4,200 routes in North America and Europe. The company has an ARR of more than $600,000 and has 25% margins on ticket sales.

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