Imotobank Dealership
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.
Investment Overview
Committed : $124,750
Deal Terms
Total Commitments
- Platform
- Netcapital
- Start Date
- 01/21/2025
- Close Date
- 07/11/2025
$10,000
$1,235,000
$100
Equity - Common
Growth Stage
RegCF
$10.00
$15,000,000
Company & Team
Company
- Year Founded
- 2008
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +24% YoY
-
$15,274,829
as of FY2024
- Monthly Burn
-
Profitable
as of FY2024
-
Cash on Hand
-
$56,185
as of FY2024
- Gross Margin
-
14%
as of FY2024
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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 |
|---|---|---|---|---|---|---|
| 07/11/2025 | Netcapital | $15,000,000 | $124,750 | Equity - Common | Active | RegCF |