Hidrent

Early Stage

Off Duty. On Demand.

Analytics

Raised to Date: Raised: $18,256

Aggregate Commitments $

Platform

StartEngine

Start Date

06/21/2022

Close Date

09/19/2022

Min. Goal

$10,000

Max. Goal

$535,000

Min. Investment

$228

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Price Per Share

$0.57

Pre-Money Valuation

$8,500,000

Rolling Commitments $

Status

Active

Reporting Date

06/27/2022

Days Remaining

84

% of Min. Goal

183%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,043

Momentum
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Location

Celina, Texas

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

High Growth

Hidrent, with a valuation of $8.5 million, is raising funds on StartEngine. The company provides on-demand labor service through off-duty firefighters. The highly trusted off-duty firefighters offer services, including repairs, maintenance, and assembly. Hidrent has partnered with the IAFF-FC, which is exclusively dedicated to supplementing firefighters’ income. The extensive services of the company include general handyman, furniture moving, hanging, hauling, light fixtures, and furniture assembly. Dave Heimbuch founded Hidrent in May 2019. The current crowdfunding campaign has a minimum target of $9,999.51 and a maximum target of $534,999.52. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$429,438

$261,786

COGS

$408,174

$229,623

Tax

$0

$0

 

 

Net Income

$-320,506

$-229,207

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$147,494

$18,529

Accounts Receivable

$33,816

$40,349

Total Assets

$187,144

$59,082

Short-Term Debt

$265,574

$323,222

Long-Term Debt

$557,000

$44,802

Total Liabilities

$822,574

$368,024

Financials as of: 06/21/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Hidrent 09/19/2022 StartEngine $8,500,000 $18,256 Equity - Preferred Active RegCF
Hidrent 01/29/2021 Republic $3,000,000 $100,098 SAFE Funded RegCF
Hidrent 08/19/2019 Microventures $3,500,000 $39,152 Convertible Note Funded RegCF
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Hidrent on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $8,500,000
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