Cadi, Inc. offering is now closed and is no longer accepting investments.
INVEST IN CADI, INC. TODAY!
Combining autonomous retail and ecommerce to revolutionize golf
$483,889.45 Raised
Reasons to Invest
- Our retail technology platform has proven market fit and will lead the transition to autonomous retail in the $126B sporting goods market.
- Community focused marketplace offering a one-of-a-kind product fitting by data. Cadi’s community have access to try before you buy on all products and the largest cash back rewards membership model in golf.
- With approximately $1.5M+ in pilot testing sales, Cadi has signed letters of intent from 63 golf courses unlocking significant revenue and access to over 250,000 golfers.
- Cadi’s management teams are leading experts in autonomous retail leading to strong partnerships with the biggest brands in golf.
- Cadi’s autonomous technology combines patent-pending proprietary technology in kiosks, warehousing, and data club fitting that leads to a one-of-a-kind retail experience for users.
- Cadi has already raised approximately $1.5M from over 1650 investors. Cadi has investments from people from all 50 states.
Overview
Leading the autonomous future of golf retail
Cadi is transforming the traditional golf industry with an autonomous solution built for golfers. You can now demo clubs right on the course whenever you want. When you find the perfect club, it can be purchased instantly through our self-service kiosk and e-commerce platform. There are no salespeople and no hassles, just golfers with freedom to play the newest equipment. Our team and technology are paving the way for a new hybrid omnichannel that changes how golf products are sold and distributed for years to come.
Currently, Cadi's Application, eCommerce platform, and physical Cadi Kiosk are in development phases.
Cadi makes it extremely simple to purchase when you are ready. Whether online or in-person, Cadi leverages golf courses to create micro fulfillment centers that fulfill on-demand orders and expedite shipping for online orders. It is instant gratification like the golf industry has never had before.
*Image of Cadi Kiosk, which is not currently on the market.
problem
Evolving retail changes the way people shop and leaves golfers behind
Today, the only two options to purchase products are visiting a traditional retail store or buying online. Now we are seeing the world change as the COVID-19 pandemic accelerates the shift to more online shopping than ever before. This shift significantly threatens sporting goods because many products, such as golf clubs, we believe are not best sold online.
Golfers need to feel and demo products they wish to buy online. Unfortunately, the majority of golf courses do not effectively sell golf products. The current retail experience only offers unrealistic indoor trials or infrequent demo days. It is no surprise that 90% of golfers prefer to demo products on a golf course or driving range before buying equipment. The result is two-thirds of customers are unhappy with their purchase within 14 days with no option for money back.
Solution
An innovative, retail automation platform that merges physical kiosks and online shopping
*Image of Cadi Kiosk, which is not currently on the market.
Cadi’s platform is the combination of an autonomous, patent-pending kiosk and an integrated online marketplace. We combine the best of online shopping with the benefits of traditional retail stores. Currently, Cadi's Application and eCommerce platform are in development phases. The physical Cadi Kiosk is available on the market.
Our technology leverages a golfer’s most desired location, golf courses, to create a network of kiosks. Our kiosks give golfers the freedom to demo, compare, and purchase products at their convenience. Cadi uses Big Data and Artificial Intelligence to curate product selection and create a personalized experience for each customer.
*Image of Cadi Application, which is not currently on the market.
Cadi’s online marketplace gives golfers 24/7 access to our platform. A fully connected omnichannel means golfers can interact using any device from any location.
Innovation
Cadi Technology stack enables game-changing customer experiences.
*Image of Cadi Application, which is not currently on the market.
Cadi's digital community is at the root of Cadi's success. Cadi's marketplace has three key features. First, every user has a custom experience using Cadi's data analytics. Cadi's database connects golfer attributes to curated product attributes. Second, Cadi offers a try before you buy program on all products. Finally, Cadi's industry-first cashback membership program incentives purchases and other essential data collecting actions. CadiCash can be used on traditional products and limited edition products, services, and one-of-a-kind experiences.
Traction
Growing customer base and partnerships in prime locations
To date, Cadi has sold products to over 7,500 customers. We have surpassed $1.12M in gross sales over the past 24 months. Cadi’s next round of funds will be used to launch Cadi’s marketplace and kiosk onto the golf course.
We have 63 courses signed up to deploy our technology. This equates to significant potential recurring revenue and access to 250,000+ golfers annually. We secured strategic partnerships with leading golf course operators and equipment manufacturers. We are granted exclusive access to locations, customers, and inventory supply. Cadi is currently in conversations with more potential partners and venues we hope to announce soon.
Market
Cadi’s innovative technology brings convenience from the screen to the green
We recognized that the golf industry is heavily concentrated with little innovation for the past 20 years. Top retailers are either traditional brick and mortar or exclusively e-commerce. No clear leader in the market is seamlessly integrating physical and virtual shopping. This is a large and fast-growing opportunity. Cadi has significant advantages with patent-pending technology and a first-to-market strategy.
Our target kiosk locations are high-traffic public courses in areas with low seasonality and a high density of courses. 80% of all golf courses in the U.S. are public golf facilities, the industry’s “forgotten retail channel” where we aim to expand. We are also pursuing opportunities at entertainment venues, driving ranges, and new-age shopping malls. With the popularity of venues such as TopGolf, golf is seeing record rounds of play and increasing participation at all levels.
Vision
Cadi is focused on becoming the market leader in golf and recreational sports
*Images of Cadi Kiosk, which is not currently on the market.
We believe Cadi is positioned to be a global leader in sporting goods and capitalize on the accelerated shift to automation in retail. Our goal is that by 2025, Cadi will have over 1,000 installed locations with full connectivity to our online marketplace. Our hope is that Cadi’s membership will thrive with a strong community of over 1 million members. We believe that once Cadi has been installed on a golf course it will be difficult for any competition to replace our platform.
Implementing Cadi technology to other industries
In the future, Cadi will expand our product offering to other comparable sporting goods industries such as tennis, baseball, hockey, skiing, and biking. Cadi’s technology platform is gearing up to serve and thrive in the $126 billion recreational sports industry.
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ABOUT
HEADQUARTERS
2032 Convent Place
Nashville, TN 37212
WEBSITE
View Site
Cadi is on a mission to change the way people shop for golf products. We are a retail automation company, building technology that connects golfers with products they love, and the fast, curated experience they deserve.
TEAM
Tyler Gottstein
Chief Executive Officer & Director
Matt Ahrens
Chief Operating Officer
TERMS
Cadi, Inc.
Overview
PRICE PER SHARE
$1.40
DEADLINE
May 1, 2022
VALUATION
$41.99M
AMOUNT RAISED
$483,889.45
Breakdown
MIN INVESTMENT
$249.20
MAX INVESTMENT
$3,518,508
MIN NUMBER OF SHARES OFFERED
7,142
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Class B Common Stock
MAX NUMBER OF SHARES OFFERED
2,513,220
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Cadi, Inc. |
Corporate Address | : | 2032 Convent Place, Nashville, TN 37212 |
Offering Minimum | : | $9,998.80 |
Offering Maximum | : | $3,518,508.00 |
Minimum Investment Amount(per investor) | : | $249.20 |
Terms
Offering Type | : | Equity |
Security Name | : | Class B Common Stock |
Minimum Number of Shares Offered | : | 7,142 |
Maximum Number of Shares Offered | : | 2,513,220 |
Price per Share | : | $1.40 |
Pre-Money Valuation | : | $41,992,291.60 |
Investment Incentives*
Early Bird
Cadi Community, Investors, and VIPs - First 15 days | 25% bonus shares
Super Early Bird - Next 21 days | 10% bonus shares
Early Bird Bonus - Next 21 days | 5% bonus shares
Volume
Tier 1 perk ($500+) - Join the team: Receive a $25 Gift card to Cadi's Merch Store. Welcome to Cadi.
Tier 2 perk ($1,000+) - Cadi Champions Member: $50 gift card in Cadi's merch plus a one-year subscription to Cadi Premium membership (valued at an estimated $240).
Tier 3 perk ($6,000+) - FREE 2022 Driver from any top Brand available on the Cadi marketplace. The perk will be redeemed on Cadi new Marketplace. Includes a Cadi premium membership and all perks associated with that membership level. Driver credit will be applied at the close of the current campaign for the Cadi Marketplace.
Tier 4 perk ($12,500+) - 5% bonus shares + FULL ACCESS Golf Weekend in San Diego with the Cadi Founders. Cadi will host you and a partner to Carlsbad, CA to Cadi’s Headquarters. Meet the Cadi team, firsthand experience Cadi’s prototype kiosk, warehousing technology, and other projects the team is working on. Stay in San Diego and play the best championship courses in San Diego. Enjoy quality time with the Cadi team and other members of the Cadi community. PERK includes a one-night stay near Cadi headquarters and a $250 Southwest gift Card towards airfare.
Perk 5: Golf with PGA Golfer Paul Casey plus 20% BONUS SHARES. Invest $25,000 or more and you will be invited to join Matt and Tyler in Scottsdale, AZ for a lesson and round of golf with PGA Professional Paul Casey. Included in the cost is $500 airfare credit, a one-night hotel stay, and round of golf. This event is scheduled to occur before 12/31/22. You will have the option to choose between perk 4 and perk 5 if you choose. This also includes everything listed in PERK 2.
Perk 6 -- EVEN MORE BONUS SHARES. Increased Bonus Shares. Invest $50,000 or more and receive 30% bonus shares. This is not common for companies to offer this big of an incentive. Additionally, you will be invited to choose between Cadi PERK 3 or PERK 4. This also includes everything listed in PERK 2.
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Cadi, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class B Common Stock at $1.40 / share, you will receive 110 shares of Class B Common Stock, meaning you'll own 110 shares for $140. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Insider Investment Notice
Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.
Irregular Use of Proceeds
Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
PRESS
ALL UPDATES
04.30.22
~~~Today is the last day to invest in Cadi! 2022 recap included~~~
Today is the last day to invest in Cadi! You have until 11:59 pm PST tonight to invest. Do not miss out!
It has been a great 12-month ride raising on Startengine. We have had over 2000 investors and about $2m raised! We thank you for your support and belief in Cadi. This is not an endpoint, we are just getting started.
Over the last 4 months, we have made significant progress.
From filming with Brand Ambassador Paul Casey...
Nearing our launch of the first TRY BEFORE YOU BUY golf marketplace.....
And building the infrastructure for Cadi's SMART distribution combining Cadi Kiosk and smart warehousing...
It has been a great 2022 and we are only getting started. It will be a big year for Cadi.
Invest now and join the journey. Again, You have until 11:59 pm PST so do not miss out.
Thank you,
Tyler Gottstein
04.29.22
Campaign closing! Invest in Cadi, redefining golf course revenue models and transforming the purchase experience.
Cadi has been recognized in the media from Forbes and Yahoo Finance, MarketWatch, KingsCrowd, and more. Before launching our first crowdfunding campaign, we kept Cadi away from the spotlight. However, with Cadi's tech advancements and the massive changes in retail due to Covid and consumer behavior, it was the right time to introduce Cadi. It has been proven correct. Cadi's mission has been validified, and the trajectory of our business is going up. Cadi is the game-changing company that the golf industry needs. With a focus on product, customers, and autonomous retail, Cadi is going to change the future of golf and modern retail.
Most importantly, I am honored to have the support from investors that see the potential of Cadi. At Cadi, we are grateful for all 2000+ investors and excited to make Cadi a massive success. We are already on the way. We would love to have you a part of our journey for anyone who has not yet invested. Now is the time to invest!
I have a small request: share our campaign with all your investment-savvy friends and passionate golfers. Just 1 day left to invest! Our campaign lives here: www.startengine.com/Cadi. Our community grows daily and we want everyone to have this change to join us!
Have a great day and GO CADI!
Tyler Gottstein
CEO & Co-founder
04.28.22
Cadi can turn any place into a powerful retail location. Cadi's platform offers massive back-end value for a potential acquisition.
A big part of Cadi's Value comes in our back-end technology and overall platform. Cadi technology platform can transform declining mall storefronts, a public parks, amusement parks, sporting events, or even a street corner into a revenue-producing destination. This is powerful because the hard cost of rent and labor is drastically reduced. In addition, Cadi offers a success-based revenue share. The lack of leverage of these nonproducing retail locations gives Cadi the ability to negotiate excellent terms. As a result, Cadi can increase margins and create an unmatched experience in traditional retail and e-commerce.
There are two avenues to buy products online or through a physical location. When someone asks you what Cadi is. You can say Cadi is a NEW channel to sell products. If you see the value in this type of flexibility as a retailer, you will understand the huge potential Cadi's backend value has on the retail world. This type of value increases synergies with potential exit partners.
I realize most of you understand the massive potential in Cadi's retail innovation. Many industries will desire Cadi technology. I am hopeful you see the value in Cadi's back-end platform and decide to join Cadi.
Cadi CAMPAIGN ends in 48 Hours. We also hope you see the value in Cadi. Don's miss your chance to invest in Cadi.
Thanks,
Tyler Gottstein
CEO & Co-Founder
04.27.22
Why to invest in Cadi Founders Tyler and Matt.
Go Cadi!
04.26.22
Current offering closing soon! Join our final investor webinar on April 28
REMINDER: Our current campaign is closing soon! Invest today. Time is running out.
Join us on Thursday, April 28th at 10:00 AM PT for the final, live investor webinar of this current Reg CF campaign.
>>> Reserve your spot now, registration is free. In this webinar, Tyler & Matt will discuss Cadi's recent exciting product and business development updates, including Cadi's decision to end this current funding round and great opportunities ahead.
04.25.22
UPDATE: Campaign closing soon! Cadi inked 63 letters of intents from golf courses with more in discussion
REMINDER: Cadi's current campaign in closing in 5 days!
Cadi has 63 LOIs with top golf course management firms. As this campaign has progressed, the amount of attention has increased drastically. Every day golf course owners and operators reach out to us through our webpage interested in Cadi's product. We love it! Please keep the outreach coming. We are making our way down the list and enjoy learning about the facilities and possible future locations for our kiosks. The golf course relationships will be valuable as we scale.
So, what is the takeaway? Cadi has strong demand from golf courses. We made our model as easy and painless as possible to add golf courses to our network. Our mission is to bring golf retail back to the golf course. This is a net benefit to courses despite any criticism that Cadi "takes" from the course or head pros. The reality is courses love the concept because we want to add value to many aspects of the golf course.
It is an exciting time at Cadi. Let’s keep the momentum going. This campaign ends in 5 days. Please share Cadi with any of your innovative thinkers within your network. We love having you apart of our journey. If you have not invested, now is the time. We are always available for questions or comments.
Spring is here! The means more time to golf. Get out and enjoy it. Go Cadi!
Tyler Gottstein
CEO & Co-founder
04.24.22
Investor FAQ: Why will Cadi’s warehousing strategy be better than traditional warehousing?
In the supply chain world there is a fast-growing category called 3PL or third-party logistics. 3PL is a term to describe the outsourcing of a company’s distribution and fulfillment functions. Simply put, a third-party company has a large warehouse that fulfills online orders for many different companies at a time. 3PL’s allow ecommerce companies to focus on sales and not on logistics. 3PL service provides significant value to retailers. As ecommerce has grown so has third party logistic companies.
As Cadi analyzes the retail landscape, we notice something interesting. The most disruptive retailers today are impacting the world primarily due to logistical innovations. Examples? It was difficult to sell personalized glasses online before Warby Parker. It was inconceivable to sell cars online before Carvana. It was hard to sell authenticated shoes and collectibles before StockX. These companies and many others are changing the logistics game because of their unique distribution strategy that continually challenges the status quo. We believe Cadi is in this category.
Recently, Cadi received the question: Why will Cadi’s warehousing strategy be better than traditional warehousing?
Cadi’s advantages that will lead to the type of disruption seen by Carvana, Warby Parker, and StockX:
In retail, it is common for a 60% accuracy in stock levels in stores and warehouses. Cadi’s system will have 95%+ accuracy. We are tracking the product from sourcing to sale to delivery using sensors on each item.
- Cadi is building the foundation for immersive product experiences. Today’s retailers provide a transactional experience for customers. For Cadi, we’re connecting products to Cadi users in a way that will enable additional future innovations in how we collect information on the product and share that bank to customers.
- Cadi’s warehouse can be managed with just 2 people and 24/7 visibility from anywhere at any time. Our process-oriented focus combined with autonomous warehouse features reduces labor costs drastically.
- Cadi can easily plug into multiple channels such as ecommerce, kiosks, storefronts, and third-party marketplaces. This is ideal for moving new and used inventory.
- Cadi’s technology is taking logistics to the next level. Where 3PL providers add value mainly for retailers, Cadi is focusing our logistics on value adds for consumers. This it’s what we like to call 3PCL, or third-party “consumer” logistics. The Cadi logistics creates unique user experiences adding value almost entirely to the customers.
You have less than a week to invest in Cadi! Don’t miss out on the opportunity! Get your shares today and join our shareholder community.
04.23.22
Final week to invest! Don’t forget Cadi’s perks
Just days left to become a Cadi shareholder. Our campaign closes on April 30. If you’ve not yet invested or your wanting additional shares, now is the time!
Don’t forget about our perks. Here’s a breakdown of our available perks:
Tier 1 perk ($500+) - Join the team: Receive a $25 Gift card to Cadi's Merch Store.
Tier 2 perk ($1,000+) - Cadi Champions Member: $50 gift card in Cadi's merch plus a one-year subscription to Cadi Premium membership (valued at an estimated $240).
Tier 3 perk ($6,000+) - FREE 2022 Driver from any top brand. The perk will be redeemed on Cadi’s Marketplace once launched. Includes a Cadi premium membership and all perks associated with that membership level. Driver credit will be applied at the close of the current campaign for the Cadi Marketplace.
Tier 4 perk ($12,500+) - 5% bonus shares + FULL ACCESS Golf Weekend in San Diego with the Cadi Founders. Cadi will host you and a partner in Carlsbad, CA to Cadi’s HQ. Meet Cadi, firsthand experience Cadi’s prototype kiosk, warehousing technology, and get inside access to other projects in the works. Enjoy quality time with the Cadi team and other members of the Cadi community. PERK includes a one-night stay near Cadi headquarters and a $250 Southwest gift Card towards airfare.
Perk 5 (12,500+): Golf outing with PGA Golfer Paul Casey plus 20% BONUS SHARES. Included in the is $500 airfare credit, a one-night hotel stay, and round of golf. This event is scheduled to occur before 12/31/22. You will have the option to choose between perk 4 and perk 5 if you choose. This also includes everything listed in PERK 2.
Perk 6 ($50,000)- EVEN MORE BONUS SHARES. Increased Bonus Shares. Invest $50,000 or more and receive 30% bonus shares. This is not common for companies to offer this big of an incentive. Additionally, you will be invited to choose between Cadi PERK 3 or PERK 4. This also includes everything listed in PERK 2.
Comment on our page with any questions about perks, this campaign, or Cadi’s business.
Don’t miss out on the Future of Golf! Join us today!
04.22.22
Join our upcoming investor webinar—offering closing soon
Join Cadi's co-founders Tyler Gottstein & Matt Ahrens on Thursday, April 28th at 10:00 AM PT for the final, live investor webinar in our current Reg CF campaign.
Reserve your spot now, registration is free, but space is limited.
In this webinar, Tyler & Matt will discuss Cadi's recent exciting product and business development updates, including Cadi's decision to end this current funding round and great opportunities ahead.
There are only 8 days left to invest in this current round on StartEngine. With more than $2M raised, join the over 2,000 Cadi shareholders today!
04.21.22
CADI'S CAMPAIGN IS ENDING IN 9 DAYS. Last chance to invest in Cadi
Cadi has decided to end our current campaign and focus on the launch and growth of the Cadi platform. So don’t miss your chance to invest. Cadi’s campaign will end on April 30th.
Cadi is turning out focus to product and launch of our marketplace. We have received interest from more significant funding sources, and we will pursue those opportunities later in the year. I plan to release a detailed funding strategy before the end of our campaign.
Please do Cadi a favor and spread the word to anyone that has considered investing in Cadi. We love and appreciate our investor community.
Go Cadi!
Tyler Gottstein
REWARDS
$249
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500
Perk 1: Join the team
Receive a $25 Gift card to Cadi's Merch Store. Welcome to Cadi.
$1,000
Perk 2: Cadi Champions Member
$50 gift card in Cadi's merch plus a one-year subscription to Cadi Premium membership (valued at an estimated $240).
$6,000
Perk 3: 2022 Driver
FREE 2022 Driver from any top Brand available on the Cadi marketplace. The perk will be redeemed on Cadi new Marketplace. Includes a Cadi premium membership and all perks associated with that membership level. See more in terms below.
$12,500
Perk 4: FULL ACCESS SD golf weekend with Cadi
5% bonus shares + FULL ACCESS Golf Weekend in San Diego with the Cadi Founders. Cadi will host you and a partner to Carlsbad, CA to Cadi’s Headquarters. See more in terms below.
$25,000
Perk 5: Golf with Paul Casey plus 20% BONUS SHARES
Invest $25,000 or more and you will be invited to join Matt and Tyler in Scottsdale, AZ for a lesson and round of golf with PGA Professional Paul Casey. See more in terms below.
$50,000
Perk 6: EVEN MORE BONUS SHARES + 30% bonus shares
Increased Bonus Shares. Invest $50,000 or more and receive 30% bonus shares. This is not common for companies to offer this big of an incentive. See more in terms below.
JOIN THE DISCUSSION
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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