Contractor+ (2023)
About this raise
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.
Investment Overview
Invested : $107,275
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 03/01/2023
- Close Date
- 04/30/2023
$50,000
$380,000
$100
Convertible Note
Early Stage
RegCF
$3,800,000
$4,600,000
20%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
-
$26,454
as of FY2021
- Monthly Burn
-
$7,077
as of FY2021
-
Runway
-
6.3 months
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $113,527
- VC Backed?
- No