Monorail

Monorail, with a valuation of $32 million, is raising funds on Republic. It is a technology-driven financial services company that empowers users through a user-centric platform. Monorail offers simplified investing, comprehensive education, diverse options, and equal opportunities to users, and allows users to align their investments with their deeply held values. The platform goes beyond just trading and offers values-based portfolios, retirement accounts, and financial literacy for users to make informed decisions. Phillip Dickson founded Monorail in May 2023. The current crowdfunding campaign has a minimum target of $50,004 and a maximum target of $1.23 million. The campaign proceeds will be used for technology and product development, sales and marketing, infrastructure, and general working capital.

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Investment Overview

Raised this Round: Raised: $9,293

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
11/11/2024
Close Date
02/09/2025
Min. Goal
$50,004
Max. Goal
$1,234,998
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.00

Pre-Money Valuation

$32,033,538

Company & Team

Company

Year Founded
2023
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Sarasota, Florida
Business Type
High Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Phillip Dickson
Title
Founder and Director

Financials

as of October 30, 2024
 Revenue
$0
 Monthly Burn
$6,706
 Runway
5 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-789,516

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$214

$0

Accounts Receivable

$0

$0

Total Assets

$100,214

$0

Short-Term Debt

$434,730

$0

Long-Term Debt

$0

$0

Total Liabilities

$434,730

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,038,538
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/09/2025 Republic $32,033,538 $9,293 Equity - Common Active RegCF
06/18/2024 StartEngine $29,959,200 $0 Equity - Common Not 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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Add to portfolio
Monorail on Republic 2024
Platform: Republic
Security Type: Equity - Common
Valuation: $32,033,538
Price per Share: $6.00

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Follow Monorail on Republic 2024

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