Hidrent
Early Stage
Off Duty. On Demand.
Analytics
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
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
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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