Relay On Demand

Relay On Demand

Growth Stage

A new and better way to book truck drivers on demand

A new and better way to book truck drivers on demand

Overview

Raised this Round: Raised: $205,801

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/25/2022

Close Date

03/15/2023

Min. Goal
$50,003
Max. Goal
$534,998
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Early Bird Valuation

$25,980,000

Pre-Money Valuation

$30,000,000

Year Founded

2018

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Norco, California

Business Type

Growth

Relay On Demand, with a valuation of $30 million, is raising funds on Wefunder. The company has developed an app that helps to book truck drivers on demand. It has created a flexible driver workforce with its Relay Drivershare Network that trucking companies can utilize to hire truck drivers on demand. Relay On Demand has more than 10,000 app downloads and has generated $6 million in sales to date. Darrell Pickens founded Relay On Demand in April 2018. The current crowdfunding campaign has a minimum target of $50,003 and a maximum target of $534,998. The campaign proceeds will be used for marketing, hiring, and technology development.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,102,370

$1,045,832

COGS

$2,735,501

$955,298

Tax

$850

$850

 

 

Net Income

$-372,834

$-186,131

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$112,064

$46,080

Accounts Receivable

$49,997

$0

Total Assets

$162,062

$46,080

Short-Term Debt

$20,685

$30,888

Long-Term Debt

$358,746

$328,198

Total Liabilities

$379,431

$359,086

Financials as of: 08/25/2022
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Relay On Demand 03/14/2023 Wefunder $30,000,000 $205,801 Equity - Preferred Funded RegCF
Relay On Demand 04/20/2021 Republic $8,000,000 $496,212 SAFE Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Analyst Report Analyst Report Methodology Article

There has been an ongoing nationwide truck driver shortage. That shortage peaked in 2021, reaching as high as 81,258. But according to the American Trucking Association, the problem has persisted ever since the late 1980s. 

This is a huge pain point. Trucks are responsible for more than 70% of domestic cargo shipments. Simply put, the U.S. economy doesn’t work without trucking. 

If a recession arrives this year as many expect, the industry could see a rare balance of driver supply and demand. But it won’t last. And with the economy projected to recover beginning next year, truck drivers will once again be in short supply.

This is a big problem for the country, the economy, and for trucking companies (also known as “carriers”). No single company can solve it. The issue is going to be with us for quite a while. But at least one company is tackling it in a way that makes life easier for both drivers and carriers. That company is Relay on Demand

Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Relay on Demand on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $30,000,000
Price per Share: $5.00

Follow company

Follow Relay on Demand on Wefunder 2022

Buy Relay On Demand's Deal Report

Warning: according to the close date for this deal, Relay On Demand may no longer be accepting investments.

Relay On Demand Deal Report

Get KingsCrowd’s comprehensive report on Relay On Demand including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Relay On Demand is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise
  • Our deep-dive analyst report reviewing the deal's investment potential and bullish vs. bearish outlook

Buy the Relay On Demand deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge