dexFreight

Early Stage

Open Freight Network

Analytics

Raised to Date: Raised: $764,035

Aggregate Commitments $

Platform

StartEngine

Start Date

07/30/2021

Close Date

03/28/2022

Min. Goal

$10,000

Max. Goal

$1,069,992

Min. Investment

$390

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$30,054,917

Rolling Commitments $

Status

Active

Reporting Date

01/27/2022

Days Remaining

60

% of Min. Goal

7,641%

% of Max. Goal

71%

Likelihood of Max
possible
Avg. Daily Raise

$4,221

Momentum
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Location

Sunrise, Florida

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

Growth

dexFreight, with a pre-money valuation of $30.1 million, is raising crowdfunding on StartEngine. 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. Jim Handoush, Rajat Rajbhandari, Hector Hernandez, Adrian Giannini, and Ricardo Escobar founded dexFreight in October 2018. The current crowdfunding round has a minimum raise of $9,999.60 and a maximum raise of $1,069,992.30, and the funds will be used towards dexTour release, development of the MVP of logistics protocol testnet, and expansion to Latin America. dexFreight has over 2,700 companies in its network and has posted 17 million shipments in 2021.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$81,968

$131,461

COGS

$1,364,485

$970,419

Tax

$0

$0

 

 

Net Income

$-1,282,518

$-838,958

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$94,810

$41,192

Accounts Receivable

$0

$0

Total Assets

$160,442

$41,192

Short-Term Debt

$545,855

$24,786

Long-Term Debt

$2,075,840

$1,162,646

Total Liabilities

$2,621,695

$1,187,432

Financials as of: 07/30/2021
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dexFreight on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $30,054,917

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