Runner City

Early Stage

ELIMINATING THE DEPENDENCY OF FEE GOUGING DELIVERY/ERRAND APPS

Analytics

Raised to Date: Raised: $257,898

Aggregate Commitments $

Platform

Wefunder

Start Date

11/18/2021

Close Date

12/14/2021

Min. Goal

$100,000

Max. Goal

$258,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$2,500,000

Discount Rate

10%

Rolling Commitments $

Status
Funded
Reporting Date

12/31/2021

Days Remaining
Funded
% of Min. Goal

258%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$9,919

Momentum
Funded
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Location

Austin, Texas

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

MarketplaceTech

Distribution Model

C2C

Margin

Medium

Capital Intensity

Low

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: 11/18/2021
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Runner City on Wefunder 2021
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Platform: Wefunder
Security Type: SAFE
Valuation: $2,500,000

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