Ship It Pro
Early Stage
AI-Powered Shipment Damage Prevention
Overview
Raised: $115,279
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/29/2022
Close Date
01/27/2023
Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment
$400
Security Type
Equity - Common
Series
Pre-Seed
Funding Type
RegCF
Price Per Share
$0.54
Pre-Money Valuation
$4,012,326
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2023
Days Remaining
Funded
% of Min. Goal
1,153%
% of Max. Goal
9%
Likelihood of Max
Funded
Avg. Daily Raise
$1,954
# of Investors
49
Momentum
Funded
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Location
Cordova, Tennessee
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Ship It Pro, with a valuation of $4.01 million, is raising funds on StartEngine. The company is developing technology to prevent cargo damage before it happens. The technology is patent-pending and uses artificial intelligence and data analysis to identify the causes of damage and implement solutions. Ship It Pro currently aims to enter the Insurtech and FreightTech markets while extending into FinTech, RegTech, and Business Intelligence segments later. Wesley Montague founded Ship It Pro in April 2020. The current crowdfunding campaign has a minimum target of $9,999.91 and a maximum target of $1.23 million. The campaign proceeds will be used to launch the technology and market it.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-12,612 |
$-3,927 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$20 |
$100 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$20 |
$100 |
|
Short-Term Debt |
$28,790 |
$16,178 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$28,790 |
$16,178 |
Financials as of: 11/29/2022
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