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Guac (2023)

About this raise

Guac, with a valuation of $50 million, is raising funds on Republic. It is a dedicated lifestyle banking app for millennials. The platform helps users set financial goals, track their savings progress, and save money on purchases made through the app. Guac uses advanced micro-savings technology that allows users to save while they spend. It currently has over 110,000 connected users and has helped them save more than $22 million, with year-over-year growth of 115%. Scott Armstrong and Ryan Armstrong founded Guac in 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $2.5 million. The campaign proceeds will be used for sales and marketing, technology and product development, and operations.

Investment Overview

Invested this round: $498,830

Deal Terms

Total Commitments

Platform
Republic
Start Date
03/23/2023
Close Date
04/28/2023
Min. Goal
$24,997
Max Goal
$2,500,000
Min. Investment

$250

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    

Price Per Share

$3.19

Pre-Money Valuation

$50,000,000

Financials

 Revenue
$0
as of FY21
 Monthly Burn
$113.6K
as of FY21
 Runway
0.8 months
as of FY21
View Detailed Financials

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$-800

$-800

 

 

Net Income

$-1,362,948

$-528,201

Summary Balance Sheet

FY 2021 FY 2020

Cash

$91,059

$478,582

Accounts Receivable

$0

$0

Total Assets

$249,795

$651,895

Short-Term Debt

$879,316

$169,918

Long-Term Debt

$0

$256,500

Total Liabilities

$879,316

$426,418
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Ratings

Company Funding & Growth

Funding history

Total Prior Capital Raised
$4,125,089
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/28/2023 Republic $50,000,000 $498,830 Equity - Common Funded RegCF
04/26/2022 Republic $18,500,000 $2,911,107 SAFE Funded RegCF
07/28/2021 Equifund $5,300,000 $1,070,000 Equity - Common Funded RegCF
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View on Republic