Overland Bound

Overland Bound

Making Travel Off The Beaten Path Easy For Everyone

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Security Type
Crowd SAFE
Categories
Retail, Travel, Financial Services, Sustainability
Min Investment
$100
Location
LIVERMORE, CA
Offering Date
October 14, 2021
Expected Close Date
April 15, 2022
Target Raise
$25.00K-$1.07M
No. Investors
1
Security Price
$1
Valuation
$10,000,000
Website
overlandbound.com
Number of Employees
2
Cash
$25,566
Revenue
$856,265
Short Term Debt
$104,300
Cost of Goods
$420,503
Long Term Debt
$0
Net Income
$-100,791

Company Description

Overland Bound is an all-in-one adventuring platform that functions as a social network, trip planner, resource map, and navigation tool for explorers. Our mission is to improve people's lives one adventure at a time, and make vehicle-dependent travel (overlanding) as accessible and safe as possible.

Key Deal Facts

Platform for vehicle-based adventure beyond the beaten path
Grew revenue 75% in 2020 to $856K, with total revenue of $3M+
$130K in recurring revenue & growing since product launch, as of Sept 2021
Product combines community, planning, mapping and navigation all-in-one
Founders experienced in SaaS production, marketing, and tech scaling
Chosen platform for The Bronco Nation community launch

Management Team / Advisory Board Bios

Michael Murguia
CEO - Founder
20+ year SaaS career. P&L owner of +$100MM Annual revenue. Analytics driven product and user acquisition leadership.

Corrie Murguia
CMO Co-Founder
Marketing leader for both B2B and B2C startups. Back-to-back spots on the Inc 500 (#181 & #81). Retail B2C Operations
Amount Raised : $707,071
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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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