[Closed for Investment] Relay Point is raising funds independently through Reg A+ crowdfunding with Dalmore Group as the Broker-Dealer. The company is building the first mass use case for blockchain in the $75 billion on-demand transportation market. The Relay Point app brings a brand-new solution to age-old problems in passenger-for-hire and move-to-freight industries. The blockchain solution of the business enables Smart Contracts to make approval, clearance, and payments faster and more efficiently, while tokenization puts all aspects of a contract on the ledger, increasing transparency. Stanley K. Chomer founded Relay Point in 2018. The current crowdfunding campaign has a maximum target of $9.9 million. The campaign proceeds will be used for staffing, research and development, marketing, professional services, leases, equipment, and working capital.
Investment Overview
Deal Terms
- Platform
- Dalmore Group
- Start Date
- 12/09/2022
- Close Date
- Not Provided
$1,500
$9,954,800
$1,500
Equity - Common
Seed
RegA+
$5.00
$22,000,000
Company & Team
Company
- Year Founded
- 2018
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $65,200
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/09/2023 | Dalmore Group | $22,000,000 | - | Equity - Common | Not Funded | RegA+ |
| 02/20/2022 | Dalmore Group | $50,000,000 | $65,200 | Equity - Preferred | Funded | RegA+ |
Growth Charts
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.