Carmmunity

Carmmunity

Closed: Dec. 2021

About this raise

Carmmunity, an app for automotive enthusiasts, is raising funds on Silicon Prairie Online. The app works as the marketplace to buy, sell, and trade parts, in addition to finding local and national car events, meeting new friends, and easily connecting with other users. Daniel Balto founded Carmmunity in 2016. The proceeds of the current crowdfunding campaign, with a minimum goal of $103,500 and a maximum goal of $150,000, will be used for marketing, legal expenses, and hiring. Carmmunity uses a combination of enterprise-grade technologies and has run a successful beta. The business has a huge social media following with 100% organic growth.

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Investment Overview

Invested this round: $161,000

Deal Terms

Total Commitments ($USD)

Platform
Silicon Prairie Online
Start Date
12/11/2020
Close Date
12/07/2021
Min. Goal
$103,500
Max Goal
$150,000
Min. Investment

$1,000

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.15

Pre-Money Valuation

$1,350,000

Company & Team

Company

Year Founded
2016
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
GamingTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Minneapolis, Minnesota
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Daniel Balto
Title
CEO

Financials

 Revenue
$609
 Monthly Burn
$5,796
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$609

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-69,553

$-10,876

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$261

$194

Accounts Receivable

$0

$0

Total Assets

$54,061

$15,434

Short-Term Debt

$7,604

$0

Long-Term Debt

$5,249

$0

Total Liabilities

$12,853

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/07/2021 Silicon Prairie Online $1,350,000 $161,000 Equity - Common Funded RegCF
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Add to portfolio
Carmmunity on Silicon Prairie Online
Platform: Silicon Prairie Online
Security Type: Equity - Common
Valuation: $1,350,000
Price per Share: $0.15

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Follow Carmmunity on Silicon Prairie Online

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

Carmmunity Deal Report

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