# 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% ### Company & Team #### Company Year Founded: 2010 Industry: Consumer Products, Goods & Services Distribution Model: B2C Location: Yarmouth, Maine Company Website: [Visit Website](https://www.chimani.com/) #### Team Employees: 1 Founder Name: Kerry Gallivan Title: CEO LinkedIn: [Kerry Gallivan LinkedIn profile](https://www.linkedin.com/in/kerrygallivan/) ## 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 | | 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 | ## 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. ### Problem National Parks have always been a celebrated visitation site, not just for Americans, but for people from all over the world who travel to locations like Yellowstone, the Grand Canyon, and so many others. Since 2008, the annual visitation at Yellowstone alone has increased by more than [40%](https://www.nps.gov/yell/learn/news/17042.htm) and Zion, nearly 15 times smaller than Yellowstone, has experienced over [4.3 million visitors](https://e360.yale.edu/features/greenlock-a-visitor-crush-is-overwhelming-americas-national-parks) annually, driven by an uptick in both more Americans and international travelers frequenting the parks. While this growth in tourists definitely has its benefits in adding revenue to the parks, it has definitely overwhelmed a lot of infrastructure facilities, trails, and even parks’ abilities to manage visitor use in a way that both protects resources and offers high quality, safe visitor experiences. [More than half of Yellowstone’s visitors](https://www.nps.gov/yell/learn/news/17042.htm) surveyed last year think that there are too many people in the park causing traffic jams, misuse and lack of services, and simply a poor overall experience in a place that should be celebrated for its serenity and cultural significance. ### Solution Chimani strives to solve this issue of unmet tourist needs through their app – serving as a comprehensive visitor guide to America’s National Parks. With services available both online and on a mobile app, visitors are able to find out information about trails, rent bikes, look up shuttle timings and locations, find convenience stores and restrooms, and even scout out the best viewpoints and picture points. Chimani makes planning easy, helping visitors choose the ideal activities and navigate using a GPS-enabled map that is even available offline. Chimani’s mission is to help everyone experience the natural beauty and cultural history that America’s parks have to offer and by offering extensive guides to multiple park locations in the United States they are well on their way there. However, even though there has been a huge increase in visitors at parks and their stay period, the revenue of National and State Parks has only grown by [2%](https://www.ibisworld.com/industry-trends/market-research-reports/arts-entertainment-recreation/national-state-parks.html), reaching $14 billion. This is a clear gap in matching the number of potential revenue opportunities available with the resources at parks. ### Why We Like it **1. Success to Date:** Chimani already has 2,100 active paid users and has experienced a 2,000% growth in subscribers since their new subscription model launch. They have multiple mentions in news publications and are always ranked #1 or #2 in reviews for the best guides on America’s National Parks. Their immense growth definitely speaks to their capabilities and seamless interface. **2. Partnerships:** Part of the reason Chimani has experienced so much success is due to their partnerships with large name companies like Ford, Geico RV, and most recently – Subaru. Chimani is in the process of launching a cloud-based in-car app with Subaru that will be featured in their Starling multimedia system, allowing visitors to use Chimani as their guide as they drive through the parks. **3. Subscription Plan:** While Chimani offers a free subscription service, their $29 annual plan or $99 lifetime plan allows visitors even more perks. With their premium model, users can unlock 64 detailed guides for the most visited parks, gain offline map functionality, and even collect virtual badges within parks as an added incentive to visit and explore more. **4. Opportunity for Further Growth:** Chimani already plans on furthering their offerings to more parks both within the U.S. and abroad. Many parks have already expressed concerns with regard to the increase in visitors and how their systems are not adequately equipped to deal with this influx, leading to displacement of wildlife and trampled vegetation. Chimani is already seeking out partnerships with organizations like the National Parks Conservation Association. ### Founders [Kerry Gallivan](https://www.linkedin.com/in/kerrygallivan/) is the Founder and CEO of Chimani, with over 20 years in technology product development and team management. He has a clear passion for new ideas and has extensive experience when it comes to education and start-ups. His Board Director and Head of Software Development, [Vinko Buble](https://www.linkedin.com/in/vinko-buble-b81a042b/), is an experienced engineer manager and an expert in cloud services operations having successfully built and scaled software development, operations, and infrastructure. ### Rating **Deal To Watch** Chimani is a Deal To Watch. With their unique offering, extensive information, and passionate, experienced team – there is no doubt that Chimani is the ideal app on the market when it comes to finding the perfect guide for National Parks. The company shows much potential for growth and diversification, with an incredibly large user base that continues to grow.