Cadi offering is now closed and is no longer accepting investments.
INVEST IN CADI TODAY!
Combining autonomous retail and ecommerce to revolutionize golf
$1,490,807.07 Raised
REASONS TO INVEST
Our retail technology platform has proven market fit and will lead the transition to autonomous retail in the $126bn sporting goods market.
With over $1M+ in pilot testing sales, Cadi has signed letters of intents from 63 golf courses unlocking significant revenue and access to over 250,000 golfers.
Cadi’s autonomous patent-pending kiosk has led to strong partnerships with the biggest brands in golf and several large golf course management groups.
Overview
Leading the autonomous future of golf retail
Cadi is transforming the traditional golf industry with the first 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 and eCommerce platform are in development phases. The physical Cadi Kiosk is currently available on the market.
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.
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.
The solution
An innovative, retail automation platform that merges physical kiosks and online shopping
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.
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.
Our Traction
Growing customer base and partnerships in prime locations
To date, Cadi has sold products to over 6,000 customers. We have surpassed $1M in gross sales over the past 18 months and double sales from 2019 to 2020, year to date. Our hope is that our next funds will lead to faster expansion and higher growth in 2021.
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.
The 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.
The Business model
Dual revenue stream including product sales and subscription model
We offer two primary revenue sources: membership subscriptions and product sales. Cadi will offer a subscription plan, popularized by Amazon Prime, that unlocks benefits and service only available to Cadi members. Our benefits and long-term value to golfers come from leveraging our kiosk locations and unique relationships with courses and suppliers.
The Online marketplace and the monthly membership fee is in development and has not launched. The Cost of Kiosk is an estimate and may change in the future.
The Vision
Cadi is focused on becoming the market leader in golf and recreational sports
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.
Why Invest
Invest in the future of golf and autonomous retail
We invite you to join us on our mission to revolutionize the golf retail landscape as we know it today. The Cadi team is prepared to take this business to the next stage, expanding our technology and positively impacting recreational sports.
We hope you will ride along with us as we introduce our platform to the world and reshape the way golf products are purchased and sold forever.
(or click)
(or click)
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, custom experience they deserve.
TEAM
Tyler Gottstein
Chief Executive Officer
Matt Ahrens
Chief Operating Officer
TERMS
Cadi
Overview
PRICE PER SHARE
$0.43
DEADLINE
Jul 30, 2021
VALUATION
$10.05M
AMOUNT RAISED
$1,490,807.07
Breakdown
MIN INVESTMENT
$248.97
MAX INVESTMENT
$106,998.62
MIN NUMBER OF SHARES OFFERED
23,255
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Class B Common Stock
MAX NUMBER OF SHARES OFFERED
5,813,953
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Cadi, Inc. |
Corporate Address | : | 2032 Convent Place, NASHVILLE, TN 37212 |
Offering Minimum | : | $9,999.65 |
Offering Maximum | : | $2,499,999.79 |
Minimum Investment Amount(per investor) | : | $248.97 |
Terms
Offering Type | : | Equity |
Security Name | : | Class B Common Stock |
Minimum Number of Shares Offered | : | 23,255 |
Maximum Number of Shares Offered | : | 5,813,953 |
Price per Share | : | $0.43 |
Pre-Money Valuation | : | $10,051,685.59 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Early Bird
Friends and Family - First 72 hours | 15% bonus shares
Super Early Bird - Next 72 hours | 10% bonus
Early Bird Bonus - Next 7 days | 5% bonus shares
Volume
Tier 1 perk - ($500 + perk 1)
Tier 2 perk - ($1000 + perk 2)
Tier 3 perk - ($5,000+ perk 3)
Tier 4 perk - ($10,000+ 5% bonus shares + perk 3)
Tier 5 perk - ($25,000+ 10% bonus shares + perk 3)
Tier 6 perk - ($50,000+ 15% bonus shares + perk 3)
Perk 1- Join the team: 202 Cadi Hat, Subscription to Cadi monthly newsletter, and access to the quarterly updates.
Perk 2- Founders Club: 20% off first order plus all Perk 1 benefits.
Perk 3- Owners Club: Free 2021 Driver from TaylorMade, Callaway, Ping, or Titleist. plus all Perk 1 benefits.
*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 $0.43 / share, you will receive 110 shares of Class B Common Stock, meaning you'll own 110 shares for $43. 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 investors 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 cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
The Company will not incur any irregular use of proceeds.
ALL UPDATES
12.18.21
Cadi is Back! Offering 25% bonus shares exclusively for investors & followers.
Cadi is Back! We are excited to announce the launch of the Cadi campaign 2.0. Cadi has made incredible progress over the last year and anticipating a marketplace release in mid-2022. Community is so important to us, and we are focused on building the most robust community in golf and retail.
We are doing this campaign bigger and bolder. We are planning a great campaign that coincides with the release of our game-changing marketplace and web application. Over the next several months, we will give a deeper look inside Cadi and the technology we are building. In addition, we are investing in content to tell our story and deliver the powerful brand that we all envision.
We need you. Please consider investing today and claim your 25% bonus shares exclusively for the Cadi community. Our investment perks are bigger and better this campaign. Click here to take a look: Cadi's campaign page. We hope to see you in person at one of our events in 2022.
Go Cadi!
Tyler Gottstein
Founder and CEO
12.03.21
Join Us for Cadi's 'Roadmap' Webinar 12/3 at 10AM PST
The countdown to Cadi's Roadmap Webinar has begun!
If you haven't already, RSVP now for our 'Roadmap' Webinar and see all the latest from Cadi HQ on Friday, 12/3 at 10AM PST. Those in attendance will be the first to hear some major announcements and get an early look at what’s next for Cadi.
We hope you will join us – you won’t want to miss it!
Go Cadi!
The Cadi Team
07.30.21
One last reminder- Last chance to invest. Campaign ends tonight at midnight. DON'T MISS OUT.
I wanted to give one last reminder that Cadi's campaign is ending tonight at midnight. We recently passed $1.5m. Join the wave before Cadi closes.
Moving forward, I plan to keep the updates coming on a monthly basis. We really value our investment community. In the short term, I hope to involve the Cadi community to help determine important product features, early A-B product testing, and our first product testers.
Someday I would love to have an event and have the opportunity to meet you in person.
Thanks again,
Tyler Gottstein
CEO & Co-founder
07.29.21
Cadi campaign ends at 11:59pm TONIGHT! Thank you from CADI CEO.
We have reached the finish line. Cadi Campaign ends in less than 10 hours. I want to say...... Thank you!!!!
We are close to $1.5m. That is more than we could have ever imagined. It has been a great journey, but we are just getting started.
All the money raised is being used to GET THE BUSINESS TO THE NEXT LEVEL. It is going to scale and growth. It is not going into people's pockets. We strive every day to ensure that capital is never wasted and can be stretched until we get that exit we are all looking for.
If you have not invested or thinking about reinvesting. NOW IS THE TIME. Thanks again for all the support.
Tyler Gottstein
CEO & Co-founder
07.28.21
Why in invest in Cadi? Cadi's campaign ends tomorrow, Thursday July 29th.
Cadi has an experienced and knowledgeable team that is unique to our chosen industry. Cadi is combining multiple disciplines creating a massive competitive advantage and a moat around our technology.
The retail world is evolving to automation, and Cadi is at the forefront of technology. As a result, there is a massive opportunity, and we will capitalize.
Cadi Campaign is ended in ONE day. We would love to have you join the journey. It will be a fun ride. Invest today.
Tyler Gottstein
CEO & Co-Founder
07.27.21
Announcement: Cadi hires new Head of Design, partners with warehouse software firm.
Cadi hires a new Head of Design, partners with a warehouse software firm.
Cadi is making business progress. First, Cadi has hired a head of design for our platform application. She will be leading the platform's user experience, both the Cadi kiosk and the mobile marketplace. Secondly, Cadi has partnered with a well-known warehouse management provider to develop the inventory tracking system and implement a personalized warehouse management system. It is implementing a first-of-its-kind live inventory system in the golf industry. This is a huge step forward for address the golf industry's logistical challenges. These same systems with work with other industries struggling with the same challenges.
You will want to be a part of Cadi's journey. We are creating solutions that are one of a kind and developed with industry expertise. There are only two days left to invest in Cadi. Thank you!
Go Cadi,
Tyler Gottstein
CEO & Co-founder
07.27.21
Cadi surpasses $1,400,000 raised! Join Cadi's founding team tomorrow for the final webinar. Link below.
Cadi has surpassed 1,400,000 dollars in our campaign. There are only 2 days left to invest in Cadi, the future of golf retail. Do not miss out on the
To celebrate, join us for the final webinar of our campaign. Cadi Webinar will take place TOMORROW: On TUESDAY, July 27th at 10 am PST. Matt and I will dive deeper into Cadi, our journey, and the next steps for Cadi.
To attend, please register here: Cadi's Final Webinar with Matt and Tyler.
THANK YOU FOR ALL THE SUPPORT,
Tyler Gottstein
CEO & Co-founder
07.25.21
Only 5 days left to invest in Cadi! Don't miss out.
Hey Everyone,
Only 5 days left to invest in Cadi. Don't miss out. We appreciate all the support and positive vibes. Have a great weekend.
Tyler G.
CEO & Co-founder
07.22.21
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Cadi has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Cadi be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
07.22.21
ONLY 7 DAYS LEFT TO INVEST! Special last week only perk: Every investor gets a CADI HAT
ONLY 7 DAYS LEFT TO INVEST! Special last week only perk: Every investor gets Merch.
We are in the last week of our campaign. Every investment from 7/15-7/29 gets a hat regardless of size. Hats are seen below. Join the journey; you will be a part of the testing phase and the relaunch beta testing. It will be legendary.
Thanks again for all the support.
Tyler Gottstein
CEO & Co-Founder
REWARDS
$248
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
Tier 1 perk
Perk 1- Join the team: 202 Cadi Hat, Subscription to Cadi monthly newsletter, and access to the quarterly updates.
$1,000
Tier 2 perk
Perk 2- Founders Club: 20% off first order plus all Perk 1 benefits.
$5,000
Tier 3 perk
Perk 3- Owners Club: Free 2021 Driver from TaylorMade, Callaway, Ping, or Titleist. plus all Perk 1 benefits.
$10,000
Tier 4 perk
5% bonus shares + Perk 3- Owners Club: Free 2021 Driver from TaylorMade, Callaway, Ping, or Titleist. plus all Perk 1 benefits.
$25,000
Tier 5 perk
10% bonus shares + Perk 3- Owners Club: Free 2021 Driver from TaylorMade, Callaway, Ping, or Titleist. plus all Perk 1 benefits.
$50,000
Tier 6 perk
15% bonus shares + Perk 3- Owners Club: Free 2021 Driver from TaylorMade, Callaway, Ping, or Titleist. plus all Perk 1 benefits.
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
