Flexable

Flexable

On-demand childcare to make Life + Work fit.

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Security Type
Crowd SAFE
Categories
Service Businesses
Min Investment
$100
Location
Pittsburgh, PA
Offering Date
November 08, 2019
Expected Close Date
January 01, 2021
Target Raise
$25.00K-$481.50K
Deal Notes

Discount: 20%

Company Description

Flexable is one of the only B2B child care marketplaces that partners with employers to provide employees on-demand childcare anytime, anywhere it’s needed. Since 2016, we’ve provided businesses on-demand, safe, trusted childcare on-site at more than 1,000 events and office locations around the country. We’ve built relationships with 150 organizations and expanded relationships into broader workplace childcare solutions. Since the onset of the COVID-19 pandemic, delivering on our mission to make Life + Work Fit has taken on an entirely different meaning. We expanded our offerings to provide on-demand support to those working remotely at home -- online -- through new Flexable Virtual MiniCamps. Flexable’s business model is resilient. With on-demand offerings both on-site and virtually we can provide businesses a solution for employee childcare coverage either on location or remotely. We are here as companies navigate an uncertain time and need to both accommodate remote work and a return to work while schools and camps remain closed.

Key Deal Facts

B2B startup offering companies on-demand, safe, vetted, engaging childcare
$200K in gross revenue to date, 2X YoY revenue growth
1,000+ events and 150 business relationships across industries
$41 CAC and $861 customer LTV for events customers
Pop-up care for events, added online MiniCamp activities post COVID-19
$29 billion in lost wages losses due to childcare gaps
Raising up to $481,500 to launch virtual Minicamps and scale operations

Use of Proceeds

  • Software Development
  • Sales & Marketing
  • HR & Hiring

Management Team / Advisory Board Bios

Priya Amin - Co-Founder and CEO

Marni Pastor - Operations, Advisor

Caylin Charrie - Sales

Natalie Prunty - Product Manager

Deal Notes

Discount: 20%

Amount Raised : $40,803
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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