CB Auto Group

CB Auto Group

Closed: Jun. 2019

About this raise

Union Auto Program, with a pre-money valuation of $31.5 million, is raising crowdfunding on WeFunder. Union Auto Program is the only car buying service specific to the labor union members. Additionally, it also offers free ‘peace of mind’ benefits. Union Auto Program is currently operating in fourteen states and plans to expand nationally. The company markets directly to the labor unions and their members. Union Auto Program was founded by John A Perez who grew up with union members and founded the company to pay back the community. The current crowdfunding round is expected to launch on May 10, 2019, and the proceeds will be used to expand the program nationally. Union Auto Program received 100 registrations per month during beta testing in 2018 while the day it opened to members in January 2019, it received 1,700 registrations from members looking to buy a vehicle.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
05/07/2019
Close Date
06/18/2019
Min. Goal
$250,000
Max Goal
$1,069,980
Min. Investment

$500

Security Type

Equity - Preferred

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$35.00

Pre-Money Valuation

$31,500,000

Company & Team

Company

Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
Distribution Model
B2C
Margin
Capital Intensity
Location
Roswell, Georgia
Company Website
Visit Website

Team

Employees
7

Funding data not publicly available

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/18/2019 Wefunder $31,500,000 $0 Equity - Preferred Not Funded RegCF
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CB Auto Group on Wefunder
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $31,500,000
Price per Share: $35.00

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