Yoodlize
Early Stage
Yoodlize is a peer-to-peer rental platform
Overview
Raised: $273,449
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/13/2021
Close Date
06/30/2021
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$6,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/03/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,551
# of Investors
239
Momentum
Funded
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Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Yoodlize, with a valuation cap of $6 million, is raising crowdfunding on Wefunder. It is a peer-to-peer lending platform that allows people to lend the stuff they own and enjoy the things they do not own by borrowing them. The products usually traded on Yoodlize include party equipment, tools, recreational vehicles, photography equipment, and much more. Jason Fairbourne, Natalie Fairbourne, and Jeremy Robertson founded Yoodlize in 2018. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $500,000. The raise proceeds will target digital media marketing, influencer campaigns, and operations. Yoodlize tested its product-market fit over a one-year pilot program. The system allows people to earn some side money off the stuff they already own.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$18,161 |
$2,639 |
|
COGS |
$14,496 |
$2,560 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-16,680 |
$-64,787 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$104,430 |
$18,052 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$118,602 |
$35,299 |
|
Short-Term Debt |
$59 |
$77 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$59 |
$77 |
Financials as of: 04/13/2021
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