Contractor+

Contractor+

Early Stage

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

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

Overview

Raised to Date: Raised: $118,527

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/17/2021

Close Date

10/15/2021

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$2,280,000

Valuation Cap

$3,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$790

# of Investors

57

Momentum
Funded
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Year Founded

2020

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Orlando, Florida

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: 05/17/2021
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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 $136,981 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
Platform: Wefunder
Security Type: Convertible Note
Valuation: $3,000,000

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