CarCarePro

CarCarePro

Closed: Apr. 2024

About this raise

CarCarePro, with a valuation of $2.72 million, is raising funds on NetCapital. The company has developed a platform to provide a loyalty and rewards solution for automobile dealership service departments. CarCarePro runs a car owners’ mobile app that tracks cumulative mileage and sends timely and relevant messages to vehicle owners to maintain optimum vehicle reliability. The platform provides high value to both car dealerships and car owners and has entered into several partnerships and agreements. Craig Tieman and Todd Cripe founded CarCarePro in February 2023. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $400,000. The campaign proceeds will be used for software development, software testing, compensation for managers, marketing, reserved funds, and general and administrative expenses.

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Investment Overview

Invested this round: $11,761

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
09/27/2023
Close Date
04/26/2024
Min. Goal
$10,000
Max Goal
$400,000
Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.40

Pre-Money Valuation

$2,720,000

Company & Team

Company

Year Founded
2023
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Marietta, Georgia
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Todd Cripe
Title
Chairman
Founder Name
Craig Tieman
Title
CTO

Financials

as of Fiscal Year 2022
 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2022 FY 2021

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$8,500
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/26/2024 Netcapital $2,720,000 $11,761 Equity - Common Funded RegCF
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Add to portfolio
CarCarePro on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $2,720,000
Price per Share: $0.40

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Follow CarCarePro on NetCapital 2023

Buy CarCarePro's Deal Report

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

CarCarePro Deal Report

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