This App Saves Lives on SeedInvest 2022

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This App Saves Lives on SeedInvest 2022


Analytics

Funding Kind

RegCF
/ RegD 506(c)

Reporting Date

11/11/2022

Chance of Max

Momentum

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Location

Ardmore, Pennsylvania

Business

Safety, Cybersecurity, & Protection

This App Saves Lives, with a valuation of $5 million, is elevating funds on SeedInvest. It’s an app-based platform that gamifies and rewards secure driving habits. The app makes use of highly effective expertise and a rewards-based strategy to switch distracted driving with a secure one. This App Saves Lives works on a multi-stakeholder enterprise mannequin and is useful for shoppers, manufacturers, employers, and insurance coverage firms. The enterprise has grown its person base by 85% year-over-year from August 2021 to August 2022 and has prevented over 50 accidents. Ryan Frankel based This App Saves Lives in October 2020. The present crowdfunding marketing campaign has a minimal RegCF goal of $25,000, a minimal increase goal of $320,000, and a most goal of $1.24 million. The marketing campaign proceeds can be used for product improvement, workforce enlargement, and development advertising and marketing.

Abstract Revenue and Loss Assertion

Income

$5,151

$0

COGS

$0

$0

Tax

$0

$0

 

 

Internet Earnings

$-213,144

$-75,565

Abstract Steadiness Sheet

Money

$429,373

$131,395

Accounts Receivable

$0

$0

Complete Belongings

$429,373

$131,395

Brief-Time period Debt

$108,212

$5,139

Lengthy-Time period Debt

$672,300

$170,000

Complete Liabilities

$780,512

$175,139

Financials as of: 11/10/2022

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