Contractor+
Contractor+ is a game changing mobile app for Field Service Contractors
Overview
Raised: $92,459
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
38
% of Min. Goal
185%
% of Max. Goal
24%
Likelihood of Max
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
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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