CAKNOW

CAKNOW

Early Stage

Service App for Fast & Easy Car Repairs.

Service App for Fast & Easy Car Repairs.

Overview

Raised to Date: Raised: $2,838

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/30/2018

Close Date

04/29/2018

Min. Goal
$10,000
Max. Goal
$107,000
Min. Investment

$201

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.20

Pre-Money Valuation

$12,000,000

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

04/29/2018

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$32

# of Investors

8

Momentum
Not Funded
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Year Founded

2016

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Location

Pasadena, California

Who Should Be Interested:
Are you looking for the easiest, most efficient, and affordable way to take care of your car? Are you a local auto shop looking to increase business and brand awareness? If you said yes, then investing in CAKNOW could be the move for you. Their app makes car repairs quick, easy, and hassle-free, and they provide an easy way for small businesses to access new customers.

The Company:
CAKNOW is the app you need when it comes to taking care of your car. As they put it, they offer “hassle-free auto repairs at the tap of an app.” Their app is a free, real-time auto service bidding platform designed for all car owners. Simply open the app, tap your needs, and CAKNOW connects you with a list of local auto mechanics who bid for your business. You then have the freedom and ability to select the service, availability, and price that works best for you. Payment goes through the app as well. CAKNOW also provides same-day delivery auto parts to auto shops to help cut down on repair times and offers diagnostic tools and online forums for car owners to learn more about their cars and services needed. Right now, CAKNOW is serving the Los Angeles and Orange County markets, and they plan to continue expanding into the rest of California before growing nationally. They’re the only auto app out there that provides instant quotes from competing shops, and they might be just what your car -- or your local auto shop -- needs to keep on driving.

The Bottom Line:
The average age of cars in the US has increased by 17%, which means that people are holding onto their cars longer….and therefore needing more auto repairs. CAKNOW is the answer to that problem, and they’re here to revolutionize the auto industry through empowering drivers and supporting local auto shops -- one car repair at a time.
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CAKNOW on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,000,000
Price per Share: $1.20

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Warning: according to the close date for this deal, CAKNOW may no longer be accepting investments.

CAKNOW Deal Report

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