PiggyBack Network
Early Stage
PiggyBack Network reimagines youth transportation
Analytics
Raised: $189,600
Aggregate Commitments $
Platform
Seed At The Table
Start Date
03/29/2022
Close Date
06/17/2022
Min. Goal
$100,000
Max. Goal
$250,000
Min. Investment
$250
Security Type
SAFE
Funding Type
RegCF
Series
Pre-Seed
Valuation Cap
Uncapped
Discount Rate
0%
Rolling Commitments $
Status
Funded
Reporting Date
06/23/2022
Days Remaining
Funded
% of Min. Goal
190%
% of Max. Goal
76%
Likelihood of Max
Funded
Avg. Daily Raise
$2,370
Momentum
Funded
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Location
Chicago, Illinois
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
PiggyBack Network is raising funds on Seed At The Table. The company has introduced technology-enabled carpooling to provide safe, reliable, and affordable transportation options. The platform is enabled with background check features, mandatory meet-and-greet, and personal screening and works for busy parents to engage in online carpooling. Ismael El-Amin and Donald Scott II founded PiggyBack Network in October 2020. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $250,000. The campaign proceeds will be used for marketing, research and development, equipment purchases, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$200 |
$0 |
|
COGS |
$20 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$180 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,500 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/29/2022
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