dexFreight

dexFreight

Early Stage

Open Freight Network

Open Freight Network

Overview

Raised to Date: Raised: $98,492

Total Commitments ($USD)

Platform

Republic

Start Date

11/30/2022

Close Date

04/03/2023

Min. Goal
$25,000
Max. Goal
$3,930,128
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$35,000,000

Valuation Cap

$37,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2023

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

$801

# of Investors

112

Momentum
Funded
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Year Founded

2018

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Sunrise, Florida

Business Type

High Growth

dexFreight, with a valuation of $37 million, is raising funds on Republic. The company has developed a market network for freight companies to handle shipments from booking to payment using smart contracts. The platform connects freight brokers, carriers, shippers, and other members of the supply chain. dexFreight has a network of 2,419 carriers, 620 shippers, and 1,309 brokers and posted 42 million shipments in 2021. Jim Handoush, Rajat Rajbhandari, Hector Hernandez, Adrian Giannini, and Ricardo Escobar founded dexFreight in October 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $3.93 million. The campaign proceeds will be used for business development in the US and LATAM, research and development, expansion of customer success operations, and infrastructure maintenance.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$12,177

$1,274

COGS

$25,600

$13,500

Tax

$0

$0

 

 

Net Income

$-1,638,682

$-3,384,887

Summary Balance Sheet

FY 2021 FY 2020

Cash

$44,170

$94,810

Accounts Receivable

$101,777

$7,058

Total Assets

$177,695

$101,868

Short-Term Debt

$842,831

$981,403

Long-Term Debt

$1,757,471

$2,334,761

Total Liabilities

$2,600,302

$3,316,164

Financials as of: 11/30/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
dexFreight 04/02/2023 Republic $37,000,000 $98,492 SAFE Funded RegCF
dexFreight 03/27/2022 StartEngine $30,054,917 $1,069,872 Equity - Common 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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dexFreight on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $37,000,000

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