Ridegrade
About this raise
Ridegrade, with a valuation of $10 million, is raising funds on Wefunder. The company has developed an optimized platform exclusively for private used car buyers and sellers. The platform allows buyers to search inventory and buy used cars at much lower prices than through dealerships. Ridegrade has a shorter supply chain, lower prices, transparent processes, and cheaper financing. Bankole Fagbemi and Oluwatobi Fagbemi founded Ridegrade in March 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for hiring and training inspectors, fine-tuning technology, marketing, and other operational expenses.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 09/02/2021
- Close Date
- 12/16/2021
$50,000
$1,070,000
$100
SAFE
Pre-Seed
RegCF
$8,000,000
$10,000,000
10%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/16/2021 | Wefunder | $10,000,000 | $0 | SAFE | Not Funded | RegCF |