dexFreight
Open Freight Network
Overview
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
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
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,439
# of Investors
910
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
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
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 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.