dexFreight
Open Freight Network
Overview
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
Avg. Daily Raise
$345
# of Investors
27
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Location
Sunrise, Florida
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
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
Create a free account today to gain access to KingsCrowd analytics.
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Ratings 
