Contractor+

Contractor+

Early Stage

The collaborative platform for contractors

The collaborative platform for contractors

Overview

Raised to Date: Raised: $117,992

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/18/2024

Close Date

05/23/2024

Min. Goal
$50,000
Max. Goal
$1,500,000
Min. Investment

$100

Security Type

Convertible Note

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$7,290,000

Valuation Cap

$8,100,000

Discount

25%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

38

% of Min. Goal

236%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,070

# of Investors

96

Momentum
cool.svg
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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

Contractor+, with a valuation of $8.1 million, is raising funds on Wefunder. The company has developed a mobile app for field service contractors. The Contractor+ app meets all the needs of field service providers with its supply pricing, job scheduling, and tool tracking. The company launched its beta version in July 2020 and MVP in November 2020, and since then, the business has generated revenue at an average run rate of $360,000 with 85% gross margins and 162% year-over-year growth. 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 $1.5 million. The campaign proceeds will be used for product development, sales and marketing, business development, engineering costs, and overheads.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$234,363

$102,977

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-129,827

$-82,296

Summary Balance Sheet

FY 2023 FY 2022

Cash

$18,344

$13,306

Accounts Receivable

$15,741

$3,115

Total Assets

$53,959

$19,839

Short-Term Debt

$108,416

$66,059

Long-Term Debt

$250,478

$128,885

Total Liabilities

$358,894

$194,944

Financials as of: 02/18/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Contractor+ 05/23/2024 Wefunder $8,100,000 $117,992 Convertible Note Active RegCF
Contractor+ 04/29/2023 Wefunder $4,600,000 $107,275 Convertible Note Funded RegCF
Contractor+ 10/14/2021 Wefunder $3,000,000 $118,527 Convertible Note Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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Contractor+ on Wefunder 2024
Platform: Wefunder
Security Type: Convertible Note
Valuation: $8,100,000

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