Carmmunity
Early Stage
Enterprise grade technologies
Overview
Raised: $161,000
Total Commitments ($USD)
Platform
Silicon Prairie Online
Start Date
12/10/2020
Close Date
12/06/2021
Min. Goal
$103,500
Max. Goal
$150,000
Min. Investment
$1,000
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.15
Pre-Money Valuation
$1,350,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$446
# of Investors
47
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2016
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
GamingTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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.
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 |
Financials as of: 12/10/2020
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /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
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.