ChoreRelief (2018)

ChoreRelief (2018)

About this raise

Who Should Be Interested:
Are you a customer who loves apps like TaskRabbit and Thumbtack -- but wish you have more control over the price and schedule? Or, are you a service provider who uses management software like Salesforce or Kickserv -- but wish they connected you more directly to the customer? If either of these sounds like you -- and you live in Florida, Chicago, Houston, or Dallas -- then consider investing in ChoreRelief, an app that provides you relief and does it all for both customers and service providers.

The Company:
ChoreRelief is a mobile app and SaaS platform that is beneficial for both customers and service providers. For customers, ChoreRelief helps you find the service you need and want at the budget and timing you need and want. All you do is download the app and select the service needed, such as cleaning, landscaping, or handiwork. Then, you name the price and the timing. Your request is immediately sent out to local, trusted, and qualified workers in your area who can contact you to fulfill the request. The app offers two-way communication between the customer and provider, and once the service is complete, you can pay for your service directly through the app, and the provider will get compensated within 48 hours. Easy-peesy! For service providers, ChoreRelief treats you as what you truly are -- entrepreneurs. They provide education and training materials, as well as the ability to fully manage your business from the app. So far, their provider acquisition has averaged 30% MoM growth, and they’ve found success in Chicago and Florida. They’re starting to organically grow in Houston and Dallas too, and will hope to continue expanding.

The Bottom Line:
ChoreRelief recognizes the gig economy for what it is -- an economy of entrepreneurs. And with 55 million Americans currently identifying as gig workers, it’s time they started being treated that way. ChoreRelief also understands that all customers deserve to control their budget and service timing. By empowering service providers to becoming successful entrepreneurs and helping customers name their price and schedule, they’re helping everyone find relief in chores -- one handiwork, cleaning, and landscaping task at a time.

Expand

Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
01/03/2018
Close Date
03/30/2018
Min. Goal
$10,000
Max Goal
$67,300
Min. Investment

$150

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.87

Pre-Money Valuation

$6,472,539

Company & Team

Company

Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
Distribution Model
B2B2C
Margin
Capital Intensity
Location
Chicago, Illinois
Company Website
Visit Website

Team

Employees
1

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.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /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
Already a member? Log in here.

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/30/2018 StartEngine $6,472,539 $0 Equity - Common Not Funded RegCF
06/30/2017 StartEngine $7,500,000 $40,846 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
ChoreRelief on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $6,472,539
Price per Share: $0.87

Follow company

Follow ChoreRelief on StartEngine

Buy ChoreRelief's Deal Report

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

ChoreRelief Deal Report

Get Kingscrowd's comprehensive report on ChoreRelief including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether ChoreRelief is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the ChoreRelief deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge