dexFreight
Open Freight Network
Overview
Raised: $1,069,872
Rolling Commitments ($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
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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