Imotobank Dealership

Imotobank Dealership

Open  for investment

About this raise

Imotobank Dealership, with a valuation of $15 million, is raising funds on NetCapital. The company has developed a platform that pioneers in online car sales. Imotobank Dealership leverages technology to make the buying process efficient, transparent, and painless for the customers and maximize productivity. The business currently purchases inventory and resells it and generated $15 million in sales in 2023. Phillip Ibrahim founded Imotobank Dealership in March 2008. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for inventory purchases, capital equipment, software development, salaries, and maturing debts.

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Investment Overview

Committed this round: $103,550

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
01/21/2025
Close Date
04/30/2025
Min. Goal
$10,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$15,000,000

Company & Team

Company

Year Founded
2008
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Walpole, Massachusetts
Business Type
Growth
Company Website
Visit Website

Team

Employees
15
Prior Founder Exits?
No
Founder Name
Phillip Ibrahim
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue +24% YoY
$15,274,829
 Monthly Burn
Profitable
 Cash on Hand
$83,798
Gross Margin
12%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$15,274,829

$12,304,481

COGS

$13,382,103

$10,842,618

Tax

$0

$0

 

 

Net Income

$1,394

$140,747

Summary Balance Sheet

FY 2023 FY 2022

Cash

$83,798

$135,060

Accounts Receivable

$98,681

$59,362

Total Assets

$1,132,288

$911,709

Short-Term Debt

$690,867

$225,000

Long-Term Debt

$115,445

$238,651

Total Liabilities

$806,312

$463,651

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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
04/30/2025 Netcapital $15,000,000 $103,550 Equity - Common Active RegCF
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Add to portfolio
Imotobank Dealership on NetCapital 2025
Platform: Netcapital
Security Type: Equity - Common
Valuation: $15,000,000
Price per Share: $10.00

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