Industry:
General

Security Type:
SAFE
A safe is a Simple Agreement for Future Equity. An investor makes a cash investment in a company, but gets company stock at a later date, in connection with a specific event. A safe is not a debt instrument, but is intended to be an alternative to convertible notes that is beneficial for both companies and investors.

Equity Opportunity

Date Filed:
April 17, 2019

Date Expires:
August 18, 2019

Open to Investors

Valuation Cap:
$5M

Platform:
Republic

Company Description

Chimani is based on a freemium subscription model Our web, mobile, and car apps are free to use and provide the basic details for all 418 national parks. The mobile app also allows users to collect virtual badges and record their trip memories. Our premium Chimani Perks subscription is designed for the 330M visitors heading to the parks. It provides unlimited access to 64 detailed national park travel guides, offline maps, additional virtual badges, and $2,500 in national park-related discounts. Since launching the new subscription, paid subscriptions have increased by over 2,000% - confirming our product-market fit. Subscription revenue has already grown to more than cover all hosting costs. Growth in subscriptions is on track to increase significantly as we approach the first busy summer season with our new subscription model. The addition of the new subscription model into our Android platform and a new UX/UI design launching in Q4 2018 will help us drive growth as well. Chimani also generates revenue from limited advertising sponsorships and content licensing to brands such as Ford and GEICO RV.

Use of Proceeds

Campaign Marketing Expenses, Expansion of Content, Consolidation of the Android platform, General Website Improvement

Management

Kerry Gallivan
CEO, Founder & Board Director

Vinko Buble
Head of Software Development & Board Director

Deal Structure

Discount: 20%

Deal Perks

• see offering page for details

Additional Reports

There are no additional research reports currently.

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Key Deal Facts

• A comprehensive mobile visitor guide to America’s National Parks
• Ability to reach over 330M annual National Park visitors, an $18 billion market
• 2,100 active paid users
• 2,000% growth in subscribers since the new subscription model launch
• Subaru OEM app to be installed in 1M vehicles in Q3 2019
• Paid partnerships with Ford and GEICO RV
• Promotional partnerships with National Parks Conservation Association, Active Interest Media, Delaware North, & Friends of Acadia

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