Motobyo
About this raise
Motobyo, with a valuation of $10.4 million, is raising funds on NetCapital. The company has developed a marketplace to connect used car buyers and sellers. The platform aims to eliminate waste in the used car industry and help buyers and sellers by maximizing their transaction value. Motobyo works on an asset-free business model, matches inventory supply to demand, and is based on transparency, safety, and access. George Lekas founded Motobyo in May 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.23 million. The campaign proceeds will be used for market expansion, IT systems development, hiring, salaries, and G&A expenses.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Netcapital
- Start Date
- 04/18/2023
- Close Date
- 06/28/2023
$10,000
$1,235,000
$99
Equity - Common
Seed
RegCF
$0.56
$10,372,534
Company & Team
Company
- Year Founded
- 2019
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,600,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/28/2023 | Netcapital | $10,372,534 | $0 | Equity - Common | Not Funded | RegCF |