dexFreight

Early Stage

Open Freight Network

Overview

Raised to Date: Raised: $21,710

Total Commitments ($USD)

Platform

Republic

Start Date

12/01/2022

Close Date

04/03/2023

Min. Goal

$25,000

Max. Goal

$3,930,128

Min. Investment

$250

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$37,000,000

Discount Rate

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

60

% of Min. Goal

87%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$345

# of Investors

27

Momentum
cold.svg
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Location

Sunrise, Florida

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

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

Most Recent Year Prior Year

Revenue

$12,177

$1,274

COGS

$25,600

$13,500

Tax

$0

$0

 

 

Net Income

$-1,638,682

$-3,384,887

Summary Balance Sheet

Most Recent Year Prior Year

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: 12/01/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
dexFreight 04/03/2023 Republic $37,000,000 $21,710 SAFE Active RegCF
dexFreight 03/28/2022 StartEngine $30,054,917 $1,069,872 Equity - Common Funded RegCF
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dexFreight on Republic 2022
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Platform: Republic
Security Type: SAFE
Valuation: $37,000,000
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