Runner City

Runner City

Early Stage

ELIMINATING THE DEPENDENCY OF FEE GOUGING DELIVERY/ERRAND APPS

ELIMINATING THE DEPENDENCY OF FEE GOUGING DELIVERY/ERRAND APPS

Overview

Raised to Date: Raised: $257,898

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/17/2021

Close Date

12/14/2021

Min. Goal
$100,000
Max. Goal
$258,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,500,000

Discount

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$9,919

# of Investors

340

Momentum
Funded
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Year Founded

2021

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

MarketplaceTech

Distribution Model

C2C

Margin

Medium

Capital Intensity

Low

Location

Austin, Texas

Business Type

Growth

Runner City, with a valuation of $2.5 million, is raising funds on Wefunder. The company offers a peer-to-peer service for delivery and running errands. The workers of Runner City work independently on tips for pickups and deliveries and help eliminate the high fees charged by delivery apps. Runner City does not charge any app fees, transaction fees, or commission fees and has generated $3.5 million in transactions in the first 18 months of existence. Andy Kaminski founded Runner City in October 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $258,000. The campaign proceeds will be used for the development and maintenance of the MVP mobile app, hiring a legal firm, and marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 11/17/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Runner City 01/15/2024 Wefunder $3,000,000 $89,366 SAFE Funded RegCF
Runner City 12/13/2021 Wefunder $2,500,000 $257,898 SAFE Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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Runner City on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $2,500,000

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