RacerX

Early Stage

Enabling consumer product companies to build lasting relationships with their customers

Analytics

Raised to Date: Raised: $18,022

Aggregate Commitments $

Platform

TycoonoInvest

Start Date

09/30/2021

Close Date

12/31/2021

Min. Goal

$10,000

Max. Goal

$605,000

Min. Investment

$200

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$4,160,000

Rolling Commitments $

Status

Active

Reporting Date

10/17/2021

Days Remaining

75

% of Min. Goal

180%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,060

Momentum
cold
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Location

Canton, Massachusetts

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

RacerX, with a valuation of $4.16 million, is raising funds on TycoonInvest. The company has developed a platform that helps consumer product companies build long-lasting relationships with their customers. The platform transforms the paper documentation, warranty, and registration process of manufacturers through its mobile app automation and integration. RacerX, thus, brings about a positive environmental impact and helps brands build stronger relationships with consumers at lower costs. Avrum Mayman, Bill Allen, and Steve Jungmann founded RacerX in January 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $605,000. The campaign proceeds will be used for marketing, software development, G&A expenses, and general working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-73,454

$-45,931

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$8,217

$1,240

Accounts Receivable

$0

$0

Total Assets

$100,251

$93,274

Short-Term Debt

$191,420

$191,420

Long-Term Debt

$103,944

$73,944

Total Liabilities

$295,364

$265,364

Financials as of: 09/30/2021
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RacerX on TycoonInvest 2021
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Platform: TycoonoInvest
Security Type: Equity - Common
Valuation: $4,160,000

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