Gophr App

Gophr App

Closed: Jan. 2023

About this raise

Gophr App, with a valuation of $40.5 million, is raising funds on StartEngine. It is a delivery technology platform that offers same-day delivery and expedited shipping for local marketplaces. The app allows customers to shop from their favorite local businesses and receive same-day delivery, along with supporting local merchants in offering affordable nationwide delivery solutions. Gophr App has multiple revenue streams and growing its revenue at an average rate of 38.9% from January to September each year. Warren Vandever founded Gophr App in April 2019. The current crowdfunding campaign has a minimum target of $9,999.90 and a maximum target of $1,069,999.92. The campaign proceeds will be used for growth and expansion.

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Investment Overview

Invested this round: $30,520

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
10/04/2022
Close Date
01/02/2023
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$180

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.18

Pre-Money Valuation

$40,500,000

Company & Team

Company

Year Founded
2019
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
CommerceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Lake Charles, Louisiana
Business Type
High Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Warren Vandever
Title
CEO

Financials

 Revenue +167% YoY
$118,211
 Monthly Burn
$10,698
 Runway
0.5 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$118,211

$54,553

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-128,376

$-733,075

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$5,215

$22,131

Accounts Receivable

$6,792

$6,626

Total Assets

$60,512

$35,938

Short-Term Debt

$98,488

$31,406

Long-Term Debt

$269,116

$277,990

Total Liabilities

$367,604

$309,396

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,079,878
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/02/2023 StartEngine $40,500,000 $30,520 Equity - Common Funded RegCF
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Add to portfolio
Gophr App on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $40,500,000
Price per Share: $0.18

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Follow Gophr App on StartEngine 2022

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