GreenDropShip
About this raise: GreenDropShip, with a valuation of $20 million, is raising funds on Republic. The company has developed an e-commerce app for Shopify enabling merchants to sell groceries. It is an automated and scalable marketplace that connects emerging natural product brands with online resellers. GreenDropShip has over 2,000 registered users, has fulfilled more than 95,000 orders, and generated $7 million in revenue in 2021. Allen Kaplun and Irina Faybusovich founded GreenDropShip in February 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.07 million. The campaign proceeds will be used for marketplace development, Shopify integration, and growth and marketing.
Investment Overview
Not Funded: $3,750
Deal Terms
Total Commitments ($USD)
- Platform
- Republic
- Start Date
- 09/01/2022
- Close Date
- 10/28/2022
$25,000
$1,070,000
$100
SAFE
Pre-Seed
RegCF
$20,000,000
0%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Logistics, Delivery, & Supply Chain
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue -18.7% YoY
- $7,088,625
- Monthly Burn
- $8,135
-
Runway
- 24+ months
- Gross Margin
- 22%
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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 |
|---|---|---|---|---|---|---|
| 10/28/2022 | Republic | $20,000,000 | $3,750 | SAFE | Not Funded | RegCF |