Ridegrade

Ridegrade

Early Stage

Ensuring savings and convenience for private car sellers and buyers

Ensuring savings and convenience for private car sellers and buyers

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/01/2021

Close Date

12/16/2021

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$8,000,000

Valuation Cap

$10,000,000

Discount

10%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

12/15/2021

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2021

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Wilmington, Delaware

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-73

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,517

$0

Accounts Receivable

$0

$0

Total Assets

$3,517

$0

Short-Term Debt

$0

$0

Long-Term Debt

$2,500

$0

Total Liabilities

$2,500

$0

Financials as of: 09/01/2021
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Ridegrade on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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