dexFreight

Early Stage

Open Freight Network

Overview

Raised to Date: Raised: $1,069,872

Total Commitments ($USD)

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

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.95

Pre-Money Valuation

$30,054,917

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/03/2022

Days Remaining
Funded
% of Min. Goal

10,699%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$4,439

# of Investors

910

Momentum
Funded
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Year Founded

2018

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Sunrise, Florida

Business Type

Growth

Company Website

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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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
dexFreight 04/03/2023 Republic $37,000,000 $60,054 SAFE Active RegCF
dexFreight 03/28/2022 StartEngine $30,054,917 $1,069,872 Equity - Common Funded RegCF
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dexFreight on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $30,054,917

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