Carmmunity

Early Stage

Enterprise grade technologies

Analytics

Raised to Date: Raised: $161,000

Aggregate Commitments $

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

Funding Type

RegCF

Series

Seed

Price Per Share

$0.15

Pre-Money Valuation

$1,350,000

Rolling Commitments $

Status
Funded
Reporting Date

12/31/2021

Days Remaining
Funded
% of Min. Goal

156%

% of Max. Goal

107%

Likelihood of Max
Funded
Avg. Daily Raise

$446

# of Investors

47

Momentum
Funded
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Location

Minneapolis, Minnesota

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

GamingTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

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: 12/11/2020
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Carmmunity on Silicon Prairie Online
$
Platform: Silicon Prairie Online
Security Type: Equity - Common
Valuation: $1,350,000

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