- BabyQuip is now a national brand for baby gear rentals with over 500 Quality Providers, covering nearly every state and 4 Canadian Provinces
- GMV for Q3 2019 was $795K, +70% vs. Q3 2018, with net revenue for the period in excess of $250K (unaudited)
- BabyQuip is delivering an exceptional travel experience for parents and grandparents, as evidenced by 82 Net Promotor Score
- Agreements include Tot Squad, Wyndham, & Urban Sitter
- BabyQuip is led by serial entrepreneur Fran Maier, co-founder of Match.com, Founder of TRUSTe (now TrustArc), who brings over 20 years experience building trusted online brands in addition to building a leading online dating marketplace
- Seed :
- Minimum Investment: US $10,000 per investor
Traveling with babies and toddlers, with all that bulky baby gear, is really difficult. So much so that some families skip traveling with babies altogether. But now, with BabyQuip, families can "Pack Light. Travel Happy."
BabyQuip's innovative approach is to provide a platform for independent contractors - Quality Providers - to build a baby gear rental business to serve traveling families. The over 550 Quality Providers, mostly stay-at-home moms, are able to start delivering baby gear to families within days of setting up their profile on our platform. They determine their inventory (which they own), operating hours, delivery radius and more.
BabyQuip is committed to safety, cleanliness, and hospitality. Before joining the platform, prospective BabyQuip Quality Providers undergo an application process, interview, background and documents check, and a training program with quizzes on safety and cleanliness. Like other platforms, parents rate the Provider and the gear (and we monitor the ratings). We know parents want the peace of mind that the gear they get is safe and clean. And Insured! BabyQuip provides (and Providers pay for) industry leading liability insurance for everyone's benefit.
The BabyQuip platform supports the Quality Providers by delivering orders and leads, facilitating the transaction, scheduling and more. In addition, Quality Providers join an active community to learn more about serving customers and growing their business.
Like other marketplaces, BabyQuip takes 20% of the rental and delivery fee and the service fee (7%), for an overall take rate of 24%, which is on the high end for marketplaces. On an average order of $160, BabyQuip takes just under $40 which more than covers our cost of acquisition.
Frequently Asked Questions
When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by BabyQuip. Once BabyQuip accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to BabyQuip in exchange for your securities. At that point, you will be a proud owner in BabyQuip.
Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.
A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.
To learn more about startup investment types check out “How to Choose a Startup Investment” in our academy.
To make an investment, you will need the following information readily available:
- Personal information such as your current address and phone number
- Employment and employer information
- Net worth and income information
- Social Security Number or passport
- ABA bank routing number and checking account number (typically found on a personal check or bank statement)
Because BabyQuip is offering its securities under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.
Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your securities have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page by clicking your profile icon in the top right corner.
Currently there is no market or liquidity for these securities. Right now BabyQuip does not plan to list these securities on a national exchange or another secondary market. At some point BabyQuip may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when BabyQuip either lists their securities on an exchange, is acquired, or goes bankrupt.
You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.
This is BabyQuip's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity.
This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in BabyQuip’s profile.