Kibbo

Kibbo

A subscription service combining co-living + vanlife

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Security Type
Crowd SAFE
Categories
Travel
Min Investment
$250
Location
San Francisco, CA
Offering Date
January 27, 2021
Expected Close Date
April 30, 2021
Target Raise
$25.00K-$1.07M
Deal Notes

Discount: 20%

Company Description

Vision Autonomous and electric vehicles will provide exciting future growth opportunities for Kibbo, and the planetPotential to transform the way we build cities with lightweight, sustainable, off-the-grid, and modular developmentVirtualizes real estate, making it shared and on-demand like the cloud has done for computingScalable to developing areas, high-growth cities, and geographies directly affected by man-made or natural disasters and climate change

Key Deal Facts

Capitalizing on trends in remote work, co-living, and transportation
Vanlife meets co-living is the perfect solution post-pandemic
Alternative affordable housing option for experience-focused millennials
Recreational vehicle sales are at record highs; 90% YoY growth in shipments
Over $600k already raised from leading venture and angels investors

Management Team / Advisory Board Bios

Colin O'Donnell
Founder
Founder & Chief Innovation Officer, Control Group/Intersection (sold to Alphabet/Sidewalk Labs in 2016); Board Member Kaboom.org; writer Techcrunch

Marian Goodell
Board Avisor
Founding Board Member and Chief Executive Officer, Burning Man Project; Founding Board Member, Black Rock Arts Foundation and Black Rock Solar

Josh Froberg
Community
Director of Community at Summit, a global community and event series for entrepreneurs & artists; Event Director at Summit Powder Mountain & Summit Mountain Series; 4+ years in client relations in startups and at a global marketing agency

Ysiad Ferreiras
Vans
15+ years experience as an operator/entrepreneur. COO at Hustle (Political Tech; sold 2020); Managing Director Jake Roy Pilar (Financial Services Technology; Sold 2015)

Chengappa Kodira
Sites
Consultant at LEK Consulting with 6+ years of management consulting experience; Haas School of Business FTMBA Class of 2020

Dani Lopez
Operations & Product
Management Consultant at Accenture covering travel, sustainability, and consumer tech for 3.5 years; Investment Fellow at 3 Early-Stage Investment firms; Investment Banking Analyst at 2 Bulge-Bracket Banks

Emily Joffrion
Marketing
Founding member of the Airbnb team and first communications hire Brand story and culture strategist, working with companies including Earnest, Abstract, and Replica Contributor to ForbesWomen and All Raise

Rich Hofbauer
Operations
COO/CFO Celmatix; COO, Control Group/Intersection (sold to Alphabet/Sidewalk Labs in 2016); CIO, MHL-Real Estate Investment Trust (sold to Deutsche Bank in 2007)

Samantha Katz
Creative Direction
Creative Lead at Selina, a global hospitality group; Sr. Art Director at Duarte, the largest design firm in Silicon Valley; Associate Creative Director with Arcade Creative Group of Sony Music

Deal Notes

Discount: 20%

Amount Raised : $730,388
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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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