GeoToll
About this raise
GeoToll, with a valuation cap of $33.5 million, is raising crowdfunding on Wefunder. The company has developed a mobile automated payment solution for worldwide tolling. The mobile app allows drivers to pay their tolls using their phone, even when driving their own car, a friend’s car, or a rented car. Wyatt Geist and Jaime Borras founded GeoToll in 2012 and have raised over $6 million in previous rounds of financing. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $250,000, and the proceeds will be used for product development, completion of pilot test projects, sales and marketing, and expanding to toll agencies across the US and abroad. GeoToll is led by an experienced and passionate team and is using state-of-the-art technology to revolutionize tolling.
Investment Overview
Invested : $143,163
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/10/2020
- Close Date
- 04/15/2021
$50,000
$250,000
$250
Convertible Note
Series A
RegCF
$33,500,000
20%
Company & Team
Company
- Year Founded
- 2012
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/15/2021 | Wefunder | $33,500,000 | $143,163 | Convertible Note | Funded | RegCF |