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Kift (formerly Kibbo) isn't accepting new investments

Kift (formerly Kibbo)’s deadline was May 1, 2021

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Kift (formerly Kibbo)

A subscription service combining co-living + vanlife
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$1,000,023
Raised
1,805
Investors
Successfully funded and closed on May 1, 2021.
Invest in Kift (formerly Kibbo)

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Closed on May 1, 2021. Information may not be up-to-date. Campaign closed on May 1, 2021. Information displayed may not be up-to-date.
Problem Solution Product Biz. model Traction Customers Competition Vision and strategy Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Kibbo Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Kift (formerly Kibbo) Crowd SAFE
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Hear from some of the 1,805 investors in Kift (formerly Kibbo)


Show more

Highlights


  • Capitalizing on trends in remote work, co-living, and transportation
  • Vanlife meets co-living is the perfect solution post-pandemic
  • Alternative affordable housing option for experience-focused millennials
  • Recreational vehicle sales are at record highs; 90% YoY growth in shipments
  • Over $600k already raised from leading venture and angels investors

Problem


A multi-trillion dollar market is being disrupted. With climate change, wildfires, hurricanes and COVID, and with market shifts around remote work, learning, entertainment and commerce, the traditional housing product is outdated and broken.

Housing is...

  • Too expensive - Home prices have risen 40% faster than inflation since 1990 and the California housing market alone has grown by $3.1 trillion in the past decade
  • Not flexible - 30-year mortgages and 12-month leases don’t fit with the new reality of smoke days, COVID closures, remote work, and destination get-aways
  • Not attractive - Community has been engineered out of the typical apartment. Millennials and Boomers report increased feelings of isolation. Not designed for work-from-home jobs.


Solution


We are creating a housing product that delivers freedom and community plus all the comforts of home. With a van as your mobile bedroom and access to a network of clubhouses across the West Coast, you can change locations whenever you want, connect with interesting people, go on wild adventures and still have space to work and be productive. 

We're thankful for the following trends:

  • Remote work is the new normal — 62% of Americans are now working remotely without ties to their employer's location
  • Vanlife is exploding — RV giant Winnebago's orders are up 219%. Outdoorsy bookings are up 4500%. RV Share raised $100mm lead by KKR.
  • Co-living is set to grow— co-living units will need to increase 300% over the next 2 years to meet customer demand

Product


For less than the cost of living in a studio apartment, Kibbo members get a top-of-the-line camper van, a network of home bases across the West stocked with essential groceries and provisions, fast wi-fi, a comfy place to work and hang out, and an inclusive, adventurous community to plug into.

Your van is a comfortable, modern studio on wheels...

...and our clubhouses provide the common space and community experiences we all crave.

Kibbo is more attractive, more flexible, and less expensive than a traditional apartment, with potential to scale incredibly well.  

Business model


Kibbo is an asset-light van life marketplace and community. We connect members to one another and to a curated marketplace of camper vans, clubhouses, on-site resources, and programming. 


By tackling the three biggest consumer expenses — housing, food, and transportation — we have massive revenue potential.

On-site spend by members will range from $1,500-$3,500. With economies of scale and a network effect, we have the potential for hundreds of millions in revenues.

On the cost-side, our curated marketplace of vans and sites from state-of-the-art partners will keep us asset-light and cost-efficient, with room for 50%+ margins. With the ability to scale on-site attendees from dozens to hundreds, we expect margins to easily grow with our customer base.

Traction


Demand has blown away expectations:

  • We exceeded our launch goal — our presale event sold out 5 times over our initial limit with 500 paying member deposits

  • On top of that, we have another 2,400+ prospective customers waiting to be notified when we re-open membership deposits

Real estate owners, financing partners, and van suppliers are reaching out to us, including:

  • Partnerships with fleet managers across the Western US

  • Several partner sites in development, with 50+ more sites in pipeline

  • 2 large scale sites in discussion already zoned and able to support hundreds of members at each location

Raised $600k+ from Venture Capital and Top Angels 

Customers


We know from our initial launch that Kibbo members are highly desirable

And they're passionate about Kibbo

Competition


Kibbo combines and delivers the best aspects of remote-working, co-living, mobile, and experience-rich lifestyles at an affordable price. 

The current alternative is people spending dozens of hours on other platforms: finding a van, curating sites, figuring out how to work on the road, planning activities... all alone and with no predictability.

It's a logistical nightmare that intimidates far too many users, but it doesn't have to be that hard. We simplify the process drastically, save members hours on end, and provide an all-in way to live, work, socialize, and explore.

Vision and strategy


  • Autonomous and electric vehicles will provide exciting future growth opportunities for Kibbo, and the planet
  • Potential to transform the way we build cities with lightweight, sustainable, off-the-grid, and modular development
  • Virtualizes real estate, making it shared and on-demand like the cloud has done for computing
  • Scalable to developing areas, high-growth cities, and geographies directly affected by man-made or natural disasters and climate change

Founders


Kibbo is a team of seasoned technology, urban innovation, and real estate veterans who previously sold companies to Alphabet and Deutsche Bank, and are supported by their advisor, the CEO of Burning Man. 

The Kibbo team is paving the way toward a new kind of dynamic city with a novel vision that will transform mobility, community, and the world.

Deal terms


Valuation cap

$15,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Kift (formerly Kibbo) occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$250

The smallest investment amount that Kift (formerly Kibbo) is accepting.
Learn more

Funding goal

$1.07M

Kift (formerly Kibbo) must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Kift (formerly Kibbo) needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Kibbo Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Kift (formerly Kibbo) Crowd SAFE

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Kift (formerly Kibbo).
Invest
$250
Receive
  • Official Kibbo Tote Bag
Invest
$500
Receive
  • Official Kibbo Tote Bag
  • 1-year of Kibbo Base Membership, Pending Interview
Invest
$5,000
Receive
  • Official Kibbo Tote Bag
  • 1-year of Kibbo Full Membership, Pending Interview
2 investors
Invest
$15,000
Receive
  • Official Kibbo Tote Bag
  • 1-year of Kibbo Full Membership, Pending Interview
  • 1-on-1 call with Colin, our founder
  • Limited (13 left of 15)
Invest
$25,000
Receive
  • Official Kibbo Tote Bag
  • 1-year of Kibbo Full Membership, Pending Interview
  • 1-on-1 Call with Colin, our Founder
  • Invite to a VIP Investor Event

About Kift (formerly Kibbo)

Legal Name
Kibbo Inc.
Founded
Apr 2019
Form
Delaware Corporation
Employees
5
Website
kibbo.com
Social Media
Headquarters
Google Map location of of Kift (formerly Kibbo)
827 Guerrero St , San Francisco, CA
Headquarters
827 Guerrero St, San Francisco, CA, United States 94110

Kift (formerly Kibbo) Team
Everyone helping build Kift (formerly Kibbo), not limited to employees

Profile picture of Colin O'Donnell
Colin O'Donnell
Founder
Founder & Chief Innovation Officer, Control Group/Intersection (sold to Alphabet/Sidewalk Labs in 2016); Board Member Kaboom.org; writer Techcrunch
Profile picture of Marian Goodell
Marian Goodell
Board Avisor
Founding Board Member and Chief Executive Officer, Burning Man Project; Founding Board Member, Black Rock Arts Foundation and Black Rock Solar
Profile picture of Josh Froberg
Josh Froberg
Community
Director of Community at Summit, a global community and event series for entrepreneurs & artists; Event Director at Summit Powder Mountain & Summit Mountain Series; 4+ years in client relations in startups and at a global marketing agency
Profile picture of Ysiad Ferreiras
Ysiad Ferreiras
Vans
15+ years experience as an operator/entrepreneur. COO at Hustle (Political Tech; sold 2020); Managing Director Jake Roy Pilar (Financial Services Technology; Sold 2015)
Profile picture of Chengappa  Kodira
Chengappa Kodira
Sites
Consultant at LEK Consulting with 6+ years of management consulting experience; Haas School of Business FTMBA Class of 2020
Profile picture of Dani Lopez
Dani Lopez
Operations & Product
Management Consultant at Accenture covering travel, sustainability, and consumer tech for 3.5 years; Investment Fellow at 3 Early-Stage Investment firms; Investment Banking Analyst at 2 Bulge-Bracket Banks
Profile picture of Emily Joffrion
Emily Joffrion
Marketing
Founding member of the Airbnb team and first communications hire Brand story and culture strategist, working with companies including Earnest, Abstract, and Replica Contributor to ForbesWomen and All Raise
Profile picture of Rich  Hofbauer
Rich Hofbauer
Operations
COO/CFO Celmatix; COO, Control Group/Intersection (sold to Alphabet/Sidewalk Labs in 2016); CIO, MHL-Real Estate Investment Trust (sold to Deutsche Bank in 2007)
Profile picture of Samantha  Katz
Samantha Katz
Creative Direction
Creative Lead at Selina, a global hospitality group; Sr. Art Director at Duarte, the largest design firm in Silicon Valley; Associate Creative Director with Arcade Creative Group of Sony Music
6 more team members
Colin O'Donnell
Founder
Marian Goodell
Board Avisor
Josh Froberg
Community
Ysiad Ferreiras
Vans
Chengappa Kodira
Sites
Dani Lopez
Operations & Product
Emily Joffrion
Marketing
Rich Hofbauer
Operations
Samantha Katz
Creative Direction

Press

Outrageous Designs For Nomadic Living In A Post-Pandemic ...
Forbes Forbes
·
Mar 18, 2021

For years there has been a growing desire from individuals who want to leave everything behind and move away from materia...

In the future, no one will own homes - Utah Business
Utah Business Utah Business
·
Jan 25, 2021

"What if you could choose to live everywhere and nowhere? I found myself asking that question, and eventually, Kibbo beca...

Kibbo is rethinking #VanLife to create a community of dig...
Business Insider Business Insider
·
Dec 14, 2020

Kibbo is creating a business out of fusing the #VanLife community with a membership model to create an on-the-road collec...

Kibbo Imagines the Modular City of the Future
Treehugger Treehugger
·
Oct 29, 2020

Treehugger recently showed Kibbo, a co-living community that Colin O'Donnell is building out of Sprinter vans, which he d...

Co-Living Meets Van Life at Kibbo
Treehugger Treehugger
·
Oct 16, 2020

There is a lot to love about the idea of van living, having a tiny home that can go anywhere; but it's also nice to have ...

Just in Time for a New Age of Remote Work, Kibbo Combines...
·
Oct 12, 2020

With a growing fleet of converted vans, a network of community clubhouses, and a vision of tech-enabled “ephemeral cities...

How These New Camper Companies Are Redefining Road Travel
Outside Online Outside Online
·
Aug 27, 2020

Kibbo is positioning itself as a “full-time alternative to the traditional apartment.” The company is hoping to attract a...

Become a Pro-Vanlifer With Sprinter, Home Bases and Commu...
autoevolution autoevolution
·
Aug 17, 2020

A new startup company called Kibbo is trying to devise a new and innovative way of bridging the gap and enhance the best ...

What if Your Home Could Be Mobile, but Also You Could Par...
Nytimes Nytimes
·
Aug 7, 2020

What if the answer to "where to live now" is actually "lots of places" and "kind of nowhere"? Kibbo is a new entry in the...

Urban tech entrepreneur unveils latest "responsive cities...
Cities Today - Connecting the world's urban leaders Cities Today - Connecting the world's urban leaders
·
Aug 4, 2020

The founder of smart city companies such as Control Group, CityBridge/LinkNYC and Intersection is launching a new busines...

Kibbo wants to remake the RV park so #vanlife can be a li...
TechCrunch TechCrunch
·
Jul 20, 2020

Colin O'Donnell was already rethinking the notion of what makes cities and communities function even before the COVID-19 ...

Show all
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Kift (formerly Kibbo)

Kift (formerly Kibbo) successfully raised $1,000,023 from 1805 investors on May 1, 2021
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Charmaine, Vishal, Mario, Robbert, Shendi, and 1800 others invested. 243 Reviews
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