Xoobies

Xoobies

A personalized guided experience marketplace for travelers & experience seekers

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Security Type
SAFE
Categories
Travel
Min Investment
$100
Location
Mount Prospect, IL
Offering Date
June 11, 2018
Expected Close Date
January 30, 2019
Target Raise
$500.00K
Deal Notes

Future Equity (Wefunder SAFE)

$5Mvaluation cap

10%discount

$25K+pro rata right threshold

A SAFE gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $5M in the future.

Company Description

Curated experiences today are either very high-touch & extremely expensive, or completely self serve and users have to spend time curating the right mix of experiences themselves. Our advantage is we provide pre-assembled authentic local experiences that allows the flexibility to tailor to the needs of a customer; affordably priced and facilitated using techology. Customers can instantly book and can customize experience.  With additional funding we will introduce on demand and AI-driven matching to connect Xoobies and customers based on their expressed interest.

Perks

$500+
Xoobies signature sunglasses

$1,000+
Xoobies T-shirt

$10,000+
2 Free Xoobies experiences

Key Deal Facts

Raised $597K in an app dev for equity arrangement
MVP site launched Q2 2017 in Chicago
Raised $100K from Angel Q3 2017
iOS & Android apps launched Q4 2017
Raised $10K Q4 from Angel Q4 2017

Use of Proceeds

If we raise: $500,000

95% Fund expansion into top 10 US markets, through marketing, and operations. 5% Wefunder intermediary fee

 

If we raise: $1,005,000

95% Fund expansion into top 25 US markets, through marketing, and operations. 5% Wefunder Intermediary fee

Management Team / Advisory Board Bios

MQ Qureshi - CEO
17+ yrs in Digital working with brands like PUMA, FERRARI; Global Director of Experience at McD Corp

Dennis Robinson - CoFounder & COO
Dennis is a business leader with over 21 years professional experience. He has held roles in Product Development, IT and have lead digital transformations for brands like Apartments.com and McDonalds

Deal Notes

Future Equity (Wefunder SAFE)

$5Mvaluation cap

10%discount

$25K+pro rata right threshold

A SAFE gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $5M in the future.

Amount Raised : $12,650
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Management Team
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Valuation

Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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