RacerX
Early Stage
Enabling consumer product companies to build lasting relationships with their customers
Overview
Raised: $18,022
Total Commitments ($USD)
Platform
TycoonInvest
Start Date
09/29/2021
Close Date
01/02/2022
Min. Goal
$10,000
Max. Goal
$605,000
Min. Investment
$200
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$0.52
Pre-Money Valuation
$4,160,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
01/02/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$192
Momentum
Not Funded
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Year Founded
2016
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
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: 09/29/2021
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