Contractor+

Early Stage

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

Analytics

Raised to Date: Raised: $100,200

Aggregate Commitments $

Platform

Wefunder

Start Date

05/18/2021

Close Date

10/16/2021

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$3,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

09/22/2021

Days Remaining

24

% of Min. Goal

200%

% of Max. Goal

40%

Likelihood of Max
unlikely
Avg. Daily Raise

$789

Momentum
cold
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Location

Orlando, Florida

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Business Type

Growth

Contractor+, with a valuation cap of $3 million, is raising crowdfunding 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. Justin Smith founded Contractor+ in February 2020. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $250,000, and the funds will be used for customer acquisition, payroll, staffing, and legal and IP expenses. Contractor+ launched its beta version in July 2020 and MVP in November 2020. Since then, the business has generated over $8,000 in revenues, $1,700 MRR, over 3,000 active users, and over 125 PRO users.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$405

$0

COGS

$0

$0

Tax

$450

$0

 

 

Net Income

$-7,858

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$545

$0

Accounts Receivable

$0

$0

Total Assets

$545

$0

Short-Term Debt

$8,354

$0

Long-Term Debt

$0

$0

Total Liabilities

$8,354

$0

Financials as of: 05/18/2021
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