Piggyback Network Llc

Piggyback Network Llc

Early Stage

Uniting families with other families for safe, reliable youth carpool

Uniting families with other families for safe, reliable youth carpool

Overview

Raised to Date: Raised: $83,370

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/07/2023

Close Date

01/13/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$12,000,000

Discount

15%

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/30/2023

Days Remaining

105

% of Min. Goal

167%

% of Max. Goal

67%

Likelihood of Max
extremely
Avg. Daily Raise

$3,625

Momentum
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Year Founded

2023

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

AutomationTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Chicago, Illinois

Business Type

High Growth

PiggyBack Network, with a valuation of $12M, is raising funds on Wefunder. The company is providing a safe and reliable youth carpool solution for everyday driving families. PiggyBack Network has developed an incentivized carpool solution that allows parents to manage their schedules without the stress of overlapping meetings and transportation responsibilities. They have signed formal partnership agreements with The YMCA in Chicago and Boston and have raised $345,000 to date for their platform's growth. Donald Scott II co-founded the company in 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for web and mobile app development, marketing strategy & execution, advertising costs, operating costs, process patent, and fees

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$126

$464

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-290,452

$-5,947

Summary Balance Sheet

FY 2022 FY 2021

Cash

$30,624

$3,948

Accounts Receivable

$0

$0

Total Assets

$34,441

$8,048

Short-Term Debt

$6,036

$0

Long-Term Debt

$0

$0

Total Liabilities

$6,036

$0

Financials as of: 09/07/2023
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PiggyBack Network on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000

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