Hugs

We connect international students with housing that understands them

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Security Type
Debt
Categories
Infrastructure, Technology, Social Impact, Financial Services
Min Investment
$100
Location
San Diego, CA
Offering Date
July 03, 2021
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$500.00K
No. Investors
103
Security Price
$1
Website
hugsintl.com
Number of Employees
3
Cash
$3,448
Revenue
$0
Short Term Debt
$3,550
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-7,802

Company Description

Hassle-Free Housing for Internationals: Fast & Secure. No SSN. No Credit Score. 

Key Deal Facts

Founders have experience with the problem.
Well-Rounded team with business experience.
We are a mission-driven company creating measurable social impact.
Our technology has market leading potential.
The strong demonstrated problem we solve translates to an immense market opportunity.

Use of Proceeds

  • Legal
  • Technical
  • Admin
  • Sales and Marketing
  • Professional Development 

Management Team / Advisory Board Bios

Carl Dumesle, Co-Founder & CEO
Intl alum, problem solver with a knack for people, strategy, and business.

Akash Atapattu, Co-Founder & CTO
BS in computer science and a BA in economics. An empathetic and product-focused leader with a business/personal growth mindset.

Russell Leong, Co-Founder & COO
Intl alum, business owner with years of operations experience dedicated to creating a better future for international students in the US.
Amount Raised : $122,109
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Valuation

Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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