CarBlip

CarBlip

Growth Stage

The Auto Concierge

The Auto Concierge

Overview

Raised to Date: Raised: $6,332

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/25/2024

Close Date

04/29/2024

Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.25

Pre-Money Valuation

$25,000,663

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/18/2024

Days Remaining

10

% of Min. Goal

42%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$264

# of Investors

13

Momentum
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Year Founded

2017

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Westlake Village, California

Business Type

Growth

CarBlip, with a valuation of $25 million, is raising funds on StartEngine. The company has created a concierge service for the auto industry to eliminate dealership frustrations. CarBlip saves buyers time by providing a personal concierge service to find the car that fits their budget and lifestyle and helps in building relationships beyond transactions. The company has a loyal customer base and increased its revenue to $12.7 million in 2022. Brian Johnson and Chang Lee founded CarBlip in May 2017. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for software services and development, company employment, working capital, and debt repayment.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$12,772,129

$12,513,606

COGS

$11,481,704

$10,909,018

Tax

$0

$0

 

 

Net Income

$-689,324

$152,299

Summary Balance Sheet

FY 2022 FY 2021

Cash

$106,092

$114,545

Accounts Receivable

$1,146,807

$1,519,475

Total Assets

$1,693,764

$2,058,720

Short-Term Debt

$1,685,010

$2,269,750

Long-Term Debt

$453,246

$150,000

Total Liabilities

$2,138,256

$2,419,750

Financials as of: 03/25/2024
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CarBlip on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $25,000,663
Price per Share: $1.25

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