About this raise

LaneAxis, with a pre-money valuation of $32.6 million, is raising crowdfunding on StartEngine. The company is revolutionizing the global supply chain industry by creating the first broker-less shipper-to-carrier direct freight network. The network is powered by blockchain and the AXIS utility token. Rick Burnett founded LaneAxis in 2015. The proceeds of the current crowdfunding round, with a minimum raise of $9,999 and a maximum raise of $3,929,999.70, will be used to propel the project to the next level and solve massive inefficiencies in the supply chain. The patented technology of LaneAxis uses a data-fuelled network to connect shippers with carriers and automates shipping management.

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Investment Overview

Invested this round: $4,933,734

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
03/16/2021
Close Date
08/31/2021
Min. Goal
$9,999
Max Goal
$4,938,318
Min. Investment

$298

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.10

Early Bird Valuation

$21,242,681

Pre-Money Valuation

$32,681,048

Company & Team

Company

Year Founded
2015
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
MarketplaceTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Huntington Beach, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Richard Burnett
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$88,348
 Runway
0.4 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,060,177

$-626,712

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$39,604

$33,185

Accounts Receivable

$109,770

$0

Total Assets

$2,379,325

$2,207,132

Short-Term Debt

$333,370

$399,397

Long-Term Debt

$251,919

$100,000

Total Liabilities

$585,289

$499,397

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/23/2024 DealMaker Securities $75,000,000 $1,667,631 Equity - Common Funded RegA+
04/29/2024 Wefunder $75,000,000 $5,500 SAFE Not Funded RegCF
11/15/2022 DealMaker Securities $75,000,000 $950,000 Equity - Common Funded RegA+
08/31/2021 StartEngine $32,681,048 $4,933,734 Equity - Common Funded RegCF
05/21/2020 StartEngine $7,970,000 $1,069,952 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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LaneAxis on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $32,681,048
Price per Share: $1.10

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Warning: according to the close date for this deal, LaneAxis may no longer be accepting investments.

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