Carlocity

Carlocity

Closed: Nov. 2021

About this raise

Carlocity, with a $5 million valuation cap, is raising crowdfunding on Wefunder. The company has developed an anonymous car shopping platform that enables car shoppers to shop for cars without any discrimination. The car dealers receive anonymous deal requests and reply with deal sheets that buyers can accept or reject. Peter Difilippantonio founded Carlocity in June 2020. The proceeds of the current crowdfunding round, with a minimum raise of $75,000 and a maximum raise of $250,000, will be used towards customer acquisition and retention, marketing, technology development, and support services. Carlocity platform is preferred by 47% over car shopping websites and by 72% over online-only dealers.

Expand

Investment Overview

Invested this round: $178,964

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
03/24/2021
Close Date
11/10/2021
Min. Goal
$75,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$3,000,000

Valuation Cap

$5,000,000

Discount

0%

Company & Team

Company

Year Founded
2020
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Surprise, Arizona
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Peter Difilippantonio
Title
CEO

Financials

 Revenue
$3,000
 Monthly Burn
$684
 Runway
3.4 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,000

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-8,202

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,351

$0

Accounts Receivable

$0

$0

Total Assets

$4,503

$0

Short-Term Debt

$4,896

$0

Long-Term Debt

$8,597

$0

Total Liabilities

$13,493

$0

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/10/2021 Wefunder $5,000,000 $178,964 Convertible Note Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Carlocity on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,000,000

Follow company

Follow Carlocity on Wefunder

Buy Carlocity's Deal Report

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

Carlocity Deal Report

Get Kingscrowd's comprehensive report on Carlocity including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Carlocity is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Carlocity deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge