This company is no longer in business. Investors can get details about any potential exits or failures here.
Carlocity
Early Stage
Anonymous car shopping - making car shopping easy & reducing discrimination!
Overview
Raised: $178,964
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/23/2021
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
Early Bird Val. Cap
$3,000,000
Valuation Cap
$5,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$775
# of Investors
159
Momentum
Funded
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Year Founded
2020
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
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.
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 |
Financials as of: 03/23/2021
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