Courial
Early Stage
A people-first approach to building a last-mile courier technology company
Overview
Raised: $0
Total Commitments ($USD)
Platform
Republic
Start Date
08/28/2022
Close Date
09/16/2022
Min. Goal
$107,100
Max. Goal
$250,000
Min. Investment
$111
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/15/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2019
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Courial, with a valuation of $10 million, is raising funds on Republic. The company has developed a last-mile courier and errands solution to redefine the future of work. The platform uses an advanced routing and messaging algorithm built to reduce drivers’ carbon footprint and provides transparent and unrestricted instant pay. Courial has more than 20,000 courier partners on the platform and has generated over $1 million in revenue since its launch. Herb Coakley founded Courial in November 2019. The current crowdfunding campaign has a minimum target of $107,100 and a maximum target of $250,000. The campaign proceeds will be used for team building, customer success, marketing and advertising, and product development.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$323,561 |
$2,607 |
|
COGS |
$538,276 |
$14,924 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-363,161 |
$-25,692 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,738 |
$8,437 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$186,409 |
$57,777 |
|
Short-Term Debt |
$47,422 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$47,422 |
$0 |
Financials as of: 08/28/2022
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