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:
May 15, 2019

Date Expires:
August 29, 2019

Valuation Cap:
$8M

Platform:
Republic

Use of Proceeds

Scale & Expansion, Product Development and R&D, Operations, Marketing, Online Advertising, Community Development, Legal/IP

Management

John Mullin
Founder & CEO
Past: Twitter, Beats Music (Apple), Nike, R/GA

Lucas Hearl
Co-Founder & CCO
Past: Google, Jet Blue, Nike, R/GA

Evan Madden-Peister
CFO & Operations
Past: Birch Coffee, Delhcioso, MP:Consulting

David Chapman
EVP Event Operations
Past: Glaceau (Coca Cola), Verizon, Switch Marketing

Deal Structure

Discount: 10%

Deal Perks

• N/A

Additional Reports

There are no additional research reports currently.

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Key Deal Facts

• Repeat success with major clients, including Lyft, Heineken, Fanatics, CLIF, Red Bull, Instagram, American Express, Nike, Audi, First Republic Bank, and Mack Weldon and many more.
• 3x year-over-year growth since 2016 with $700K in revenue in 2018
• 70% customer retention rate with repeat customers ordering 40% more
• Providing end users what they really want, a free battery to use and take home
• Strong distribution partners including Uber, Lyft, Cargo, Blade, Jetsmarter, Aspen, Live Nation, and a roster of hotels, gyms and nightlife venues

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