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Chimani

Chimani

Closed: Aug. 2019

About this raise

Chimani, a mobile visitor guide to America’s National Parks, is raising crowdfunding on Republic. The company has a valuation cap of $5 million and helps visitors plan their trips to the national parks. The app and website of Chimani is a comprehensive guide to 418 national parks in the US and helps visitors to find appropriate activities, navigate their way, receive alerts, and even locate the nearest restroom. Chimani was founded by Kerry Gallivan in March 2015 and has already raised $825,000 from previous investors. The current round of crowdfunding has a minimum goal of $25,000 and a maximum goal of $1,070,000. Chimani already has 2,100 active paid users and has reported a 2000% subscription growth since the launch of a new subscription model.

Investment Overview

Not Funded: $86,592

Deal Terms

Total Commitments

Platform
Republic
Start Date
04/17/2019
Close Date
08/17/2019
Min. Goal
$25,000
Max Goal
$1,070,000
Min. Investment

$50

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    

Valuation Cap

$5,000,000

Discount

0%

Financials

 Revenue
$0
as of FY18
 Monthly Burn
$7.5K
as of FY18
 Runway
0.7 months
as of FY18

Summary Profit and Loss Statement

FY 2018 FY 2017

Revenue

$160,045

$9,230

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-89,896

$-434,862

Summary Balance Sheet

FY 2018 FY 2017

Cash

$5,186

$186

Accounts Receivable

$7,499

$0

Total Assets

$15,012

$3,905

Short-Term Debt

$723,391

$615,137

Long-Term Debt

$80,000

$50,000

Total Liabilities

$803,391

$665,137

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Analyst Report

Summary

The Chimani team has been selected as a “Deal To Watch” by KingsCrowd. This distinction is reserved for deals selected into the top 10-20% of our due diligence funnel. If you have questions regarding our deal diligence and selection methodology please reach out to hello@kingscrowd.com.

Check out our discussion with Founder & CEO of Chimani, Kerry Gallivan, which was conducted as part of our due diligence process.

Next Section: Problem

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/17/2019 Republic $5,000,000 $86,592 SAFE Not Funded RegCF
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