Relay on Demand on Wefunder 2022

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Relay on Demand on Wefunder 2022


Safety Sort

Fairness – Most popular

Pre-Cash Valuation

$30,000,000

Reporting Date

08/26/2022

Chance of Max

Momentum

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Location

Norco, California

Business

Logistics, Supply, & Provide Chain

Tech Sector

MarketplaceTech

Relay On Demand, with a valuation of $30 million, is elevating funds on Wefunder. The corporate has developed an app that helps to e-book truck drivers on demand. It has created a versatile driver workforce with its Relay Drivershare Community that trucking firms can make the most of to rent truck drivers on demand. Relay On Demand has greater than 10,000 app downloads and has generated $6 million in gross sales to this point. Darrell Pickens based Relay On Demand in April 2018. The present crowdfunding marketing campaign has a minimal goal of $50,003 and a most goal of $534,998. The marketing campaign proceeds will likely be used for advertising and marketing, hiring, and know-how growth.

Abstract Revenue and Loss Assertion

Income

$3,102,370

$1,045,832

COGS

$2,735,501

$955,298

Tax

$850

$850

 

 

Web Earnings

$-372,834

$-186,131

Abstract Steadiness Sheet

Money

$112,064

$46,080

Accounts Receivable

$49,997

$0

Whole Property

$162,062

$46,080

Quick-Time period Debt

$20,685

$30,888

Lengthy-Time period Debt

$358,746

$328,198

Whole Liabilities

$379,431

$359,086

Financials as of: 08/26/2022

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Elevate Historical past

Relay On Demand 04/30/2023 Wefunder $30,000,000 $0 Fairness – Most popular
Lively
RegCF
Relay On Demand 04/21/2021 Republic $8,000,000 $496,212 SAFE
Funded
RegCF

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