EquityMultiple

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Security Type
CAFES
Categories
Technology, Real Estate, Retail, Financial Services
Min Investment
$100
Location
New York, NY
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$3.50M
No. Investors
61
Security Price
$1
Website
equitymultiple.com
Number of Employees
38
Cash
$3,669,981
Revenue
$9,656,792
Short Term Debt
$31,628,761
Cost of Goods
$2,566,609
Long Term Debt
$1,331,453
Net Income
$-5,565,754

Key Deal Facts

πŸš€ 100% YoY revenue growth in 2021
πŸ”₯ $100M in transaction volume in 1H 2022
πŸ“ˆ December '21 results: $1.78M revenue; $1M net profit
πŸ‘ΌπŸΌ Backed by Founder of Knight Trading ($5B+ market cap)
πŸ€‘ $16M+ previously raised
⚑ 50% growth in spend per customer over 3 years
πŸ† Inc. listed our company in their 5000 Fastest-Growing Private Companies in America 2021 and 2022
πŸ’₯ $10M in LTM Revenue (June 2022)

Management Team / Advisory Board Bios

Charles Clinton CEOFormer Simpson Thacher real estate attorney representing Blackstone, KKR and Carlyle on $10B+ of transactions, Marious Sjulsen Chief Investment OfficerOver 20 years experience in real estate, acquisitions, and private equity, building out several CRE investing platforms., Peter Shankar Chief Technology OfficerPreviously led the buildout of the online loan action platform at Mission Capital (now a part of Marcus&Millichap), Soren Godbersen Chief Growth OfficerPreviously an owner of multimillion dollar performance marketing budgets for national brands like Nordstrom and Office Depot., Dan Melaugh EVP, Real EstatePreviously an investment and asset management professional at iStar (NYSE: STAR) and Safehold (NYSE: SAFE) in structured finance, development, net lease and ground lease businesses., Henry Kwong Managing Director, Asset Management20+ years in real estate and asset management at Clarion Partners, Cerberus Capital, ING and Deutsche Bank., Michael Stern SVP, Finance and Operations15+ years in corporate finance, including investment banking at Credit Suisse, hedge funds Narrative Capital and DWD Partners, and heading finance and operations at Habitat Logistics and FIRST.
Amount Raised : $6,659,026
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
β“˜
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
β“˜
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
β“˜
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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