# Vinty

Closed: Jun. 2019

## About this raise

Vinty, a premier classic car rental service, is raising funds on SeedInvest. The company has a pre-money valuation of $3 million and offers unique and vintage cars for rentals for professional and life events. Vinty provides a self-service platform for the users and takes a commission on platform transactions. The company was founded by Pierre Lapointe, Thomas Poulain, and Thomas Dubois in 2016. The proceeds of the current crowdfunding round, with a round size of $750,000, will be used for marketing, product development, geographical expansion, and operations. Vinty has already established itself with revenues of $470,000 in 2018, up 99% compared to 2017, and has more than 4,000 registered users, 1,500 classic automobiles listed, and over 1,000 rental deals.

## Investment Overview

**Not Funded:**

$0 - RegCF  
$293,500 - Total

### Deal Terms

#### Total Commitments

Platform: SeedInvest  
Start Date: 05/07/2019  
Close Date: 06/28/2019  
Min. Goal: $25,000  
Max Goal: $750,000  
Min. Investment: $1,000  
Security Type: Equity - Preferred

Company Stage: Early Stage  
SEC Filing Type: RegCF / RegD 506(c)  
Price Per Share: $0.26  
Pre-Money Valuation: $30,000,000

### Company & Team

#### Company

- **Year Founded:** 2016  
- **Industry:** Transportation, Automotive, Aviation, & Aerospace  
- **Distribution Model:** B2B2C  
- **Location:** Oceanside, California  
- **Website:** [Visit Website](https://drivevinty.com/)

#### Team  
- **Employees:** 2  
- **Founders:**  
  - Pierre Lapointe, CEO  
  - Thomas Dubois, CFO  
  - Thomas Poulain, CMO

## Financials

### Revenue

$0 as of FY18  
**Cash on Hand:** $64.4K as of FY18

### Summary Profit and Loss Statement

|                | FY 2018 | FY 2017 |
|----------------|---------|---------|
| **Revenue**    | $471,382| $236,627|
| **COGS**       | $236,627| $146,150|
| **Tax**        | $2,090  | $0      |
| **Net Income** | $-52,072| $18,448 |

### Summary Balance Sheet

|                        | FY 2018 | FY 2017 |
|-----------------------|---------|---------|
| **Cash**              | $64,350 | $56,743 |
| **Accounts Receivable**| $6,665  | $7,607  |
| **Total Assets**      | $15,331 | $64,350 |
| **Short-Term Debt**   | $5,920  | $2,867  |
| **Total Liabilities**  | $5,920  | $2,867  |

## Company Funding & Growth

### Funding history

| Close Date  | Platform    | Valuation   | Total Raised | Security Type       | Status      | Reg Type            |
|-------------|-------------|-------------|--------------|---------------------|-------------|---------------------|
| 06/28/2019  | SeedInvest  | $30,000,000 | $293,500     | Equity - Preferred   | Not Funded  | RegCF / RegD 506(c) |