Doofus Corporation

Doofus Corporation

Closed: Apr. 2023

About this raise

Doofus Corporation, with a valuation of $5.13 million, is raising funds on Wefunder. The company has developed an app that assesses the driving behaviors of drivers and generates AI-generated reports identifying vehicles driven recklessly. The app, Roguehog, provides real data for safer roads and discoverable records of vehicle accidents. Doofus Corporation is an innovative product with excellent prospects and could replace the existing risk assessment models. Jacques Fourie founded Doofus Corporation in August 2016. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $250,000. The campaign proceeds will be used for administration, sales and marketing salaries, software development salaries, and office expenses.

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Investment Overview

Not Funded: $2,850

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
05/31/2022
Close Date
04/30/2023
Min. Goal
$100,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.01

Pre-Money Valuation

$5,132,500

Company & Team

Company

Year Founded
2016
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Wilmington, Delaware
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Jacques Fourie
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$10,149
 Runway
0.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-121,789

$-122,345

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$715

$225

Accounts Receivable

$0

$0

Total Assets

$58,020

$2,479

Short-Term Debt

$186,892

$78,238

Long-Term Debt

$0

$-29,325

Total Liabilities

$186,892

$48,913

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$65,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $5,132,500 $2,850 Equity - Common Not Funded RegCF
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Add to portfolio
Doofus Corporation on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Common
Valuation: $5,132,500
Price per Share: $0.01

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