MaxTracker

MaxTracker

Closed: Mar. 2023

About this raise

MaxTracker, with a valuation of $8.33 million, is raising funds on StartEngine. The company has created the technology system to create anti-theft GPS protection for cars, kids, pets, valuables, and all personal property. MaxTracker is designed to provide an advanced and affordable anti-theft solution to track, locate, and pinpoint locations of personal property if it becomes lost. The device comes with a motion detection alarm, rechargeable battery, 5G/LTE connection, and GPS live tracking. Steven Maxey founded MaxTracker in July 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,235,000. The campaign proceeds will be used to optimize production, inventory, sales and marketing, and to launch new features and future products.

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Investment Overview

Invested this round: $77,260

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
10/03/2022
Close Date
03/02/2023
Min. Goal
$10,000
Max Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$8,330,000

Company & Team

Company

Year Founded
2022
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Thornton, Colorado
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Steve Maxey
Title
CEO

Financials

 Revenue
$41,916
 Monthly Burn
$12,071
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$41,916

$0

COGS

$54,485

$0

Tax

$0

$0

 

 

Net Income

$-144,855

$-3,122

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$531

$5,221

Accounts Receivable

$0

$0

Total Assets

$398,088

$280,182

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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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
03/02/2023 StartEngine $8,330,000 $77,260 Equity - Common Funded RegCF
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Add to portfolio
MaxTracker on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $8,330,000
Price per Share: $2.50

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Follow MaxTracker on StartEngine 2022

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

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