Relay Point

Early Stage

The app revolutionizing transportation with blockchain technology

Overview

Platform

Dalmore Group

Start Date

12/09/2022

Close Date

12/09/2023

Min. Goal

$1,500

Max. Goal

$9,954,800

Min. Investment

$1,500

Security Type

Equity - Common

Series

Seed

Funding Type

RegA+

Price Per Share

$5.00

Pre-Money Valuation

$22,000,000

Location

Las Vegas,, Nevada

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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.

Balance Sheet

Cash and Cash Equivalents

$30,564

Total Assets

$65,384

Accounts Payable & Accrued Liabilities

$2,500

Long Term Debt

$0

Total Liabilities

$106,616

Total Stockholders' Equity

$-41,232

Total Liabilities and Equity

$65,384

Statement of Comprehensive Income Information

Costs & Expenses Applicable to Rev

$88,189

Net Income

$-88,189

Earnings Per Share - Basic

$5.00

Earnings Per Share - Diluted

$3.44

Auditor: Omar Alnuaimi
Financials as of: 12/09/2022
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 Point 12/09/2023 Dalmore Group $22,000,000 $0 Equity - Common Active RegA+
Relay Point 02/20/2022 Dalmore Group $50,000,000 $65,200 Equity - Preferred Funded RegA+
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Relay Point on Dalmore Group 2022
$
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $22,000,000
Invest in a different round for this company? Use my investment date to determine which raise I invested in.

Follow company

Follow Relay Point on Dalmore Group 2022
View on Dalmore Group