Contractor+

Early Stage

Contractor+ is a game changing mobile app for Field Service Contractors

Overview

Raised to Date: Raised: $92,459

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/01/2023

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$380,000

Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$3,800,000

Valuation Cap

$4,600,000

Discount

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/23/2023

Days Remaining

38

% of Min. Goal

185%

% of Max. Goal

24%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,203

# of Investors

79

Momentum
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Year Founded

2020

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Orlando, Florida

Business Type

Growth

Company Website

Contractor+, with a valuation of $4.6 million, is raising funds on Wefunder. The company has developed a mobile app for field service contractors. The app meets all the needs of field service providers with its supply pricing, job scheduling, and tool tracking. Contractor+ launched its beta version in July 2020 and MVP in November 2020. Since then, the business has generated over $180,000 in revenues, $12,000 MRR, over 20,000 active users, and more than 540 paying users. Justin Smith and Roshan Sethia founded Contractor+ in February 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $380,000. The campaign proceeds will be used for product development, business development, customer success, and attaining product market fit.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$26,454

$340

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-84,924

$-7,945

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$44,416

$558

Accounts Receivable

$1,271

$0

Total Assets

$45,815

$558

Short-Term Debt

$15,423

$549

Long-Term Debt

$123,208

$7,904

Total Liabilities

$138,631

$8,453
Financials as of: 03/01/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Contractor+ 04/30/2023 Wefunder $4,600,000 $92,459 Convertible Note Active RegCF
Contractor+ 10/15/2021 Wefunder $3,000,000 $118,527 Convertible Note Funded RegCF
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Contractor+ on Wefunder 2023
Platform: Wefunder
Security Type: Convertible Note
Valuation: $4,600,000

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