This company is no longer in business. Investors can get details about any potential exits or failures here.

Car Savior

Car Savior

Early Stage

Online car repair marketplace with a proprietary car diagnostic algorithm

Online car repair marketplace with a proprietary car diagnostic algorithm

Overview

Raised this Round: Raised: $108,000

Total Commitments ($USD)

Platform

Microventures

Start Date

07/01/2020

Close Date

08/16/2020

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,800,000

Discount

20%

Year Founded

2017

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

MarketplaceTech

Distribution Model

C2C

Margin

Medium

Capital Intensity

Low

Location

Austin, Texas

Business Type

Growth

Car Savior, with a valuation cap of $3.8 million, is raising crowdfunding on MicroVentures. It is an online car repair marketplace that makes car repairs faster, more convenient, and easier. The users can describe their problems through a questionnaire on the Car Savior website, and the diagnostic algorithm of the platform determines the most likely problem. Car Savior was founded by Christiaan Best and Hayden Luckadoo in 2017 and has raised about $270,000 since its founding. The current round of crowdfunding of the company has a minimum goal of $50,000 and a maximum goal of $250,000, and the proceeds will be used for campaign marketing, general marketing, research and development, future wages, and general working capital. Car Savior has diagnosed more than 6,500 vehicles to date, and the bookings increased by 23.75% in the first five months of 2020, compared to the same period in 2019.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 07/01/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Car Savior 02/09/2021 Microventures $3,000,000 $0 Convertible Note Not Funded RegCF
Car Savior 08/15/2020 Microventures $3,800,000 $108,000 Convertible Note Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Car Savior on MicroVentures
Platform: Microventures
Security Type: Convertible Note
Valuation: $3,800,000

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