SNAPSHYFT

A cocktail of disruption for recruiting & staffing within the food & beverage and hospitality industry

Analytics

Raised to Date: $49,526

Aggregate Commitments $
Platform

Netcapital

Start Date

03/12/2020

Close Date

10/09/2020

Min. Goal

$10,000

Max. Goal

$1,069,999

Min. Investment

$99

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$5,071,243

Rolling Commitments $
Status
Funded
Reporting Date

11/01/2020

Days Remaining
Funded
% of Min. Goal

495%

% of Max. Goal

5%

Likelihood of Max
Funded
Avg. Daily Raise

$235

Momentum
Funded
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Location

Indianapolis, Indiana

Industry

Food, Beverage, & Restaurants

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

High Growth

SNAPSHYFT, with a post-money valuation of $8.12 million, is raising funds on NetCapital. The company is disrupting recruitment and staffing in the food & beverage and hospitality industry. It is a cloud-based staffing software and mobile app that connects the food & beverage and hospitality industry with the professionals of the industry, on-demand. The solution helps to fill shifts fast, plan ahead, and reduce turnover. SNAPSHYFT was founded by Thor Wood and Stephanie Corliss in 2018 and has already raised over $700,000 in previous rounds of financing. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $1,069,999, and the proceeds will be used for sales and marketing, development, operations, and working capital. SNAPSHYFT has generated $572,000 in lifetime revenues, with a 253% growth in gross revenues from January 2019 to January 2020.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$360,823

$19,436

COGS

$276,127

$150,578

Tax

$0

$0

 

 

Net Income

$-246,117

$-195,946

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$65,685

$19,436

Accounts Receivable

$49,650

$1,471

Total Assets

$116,530

$24,494

Short-Term Debt

$158,088

$177,835

Long-Term Debt

$150,000

$0

Total Liabilities

$308,088

$177,835

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