Durable
About this raise
Durable, with a valuation of $25 million, is raising funds on NetShares. The company is electrifying car dealerships across the US with its proprietary methods of data collection and software. The business expedites the process of upgrading car dealerships to meet EV demands with its services, products, and software deployment. Durable handles everything from surveys, design, and installation to maintenance and operation. Xavone Charles founded Durable in April 2022. The current crowdfunding campaign has a minimum target of $1.07 million and a maximum target of $5 million. The campaign proceeds will be used for client sales development, dealer education materials, product certification, dealership prototype and product inventory, marketing, and working capital.
Investment Overview
Deal Terms
- Platform
- Netshares
- Start Date
- 01/04/2023
- Close Date
- 10/31/2023
$1,070,000
$5,000,000
$250
Equity - Common
Early Stage
RegCF
$5.00
$25,000,000
Company & Team
Company
- Year Founded
- 2022
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/31/2023 | Netshares | $25,000,000 | - | Equity - Common | Funded | RegCF |