Stodo
Early Stage
Stodo is a hyper-local on-demand delivery service bringing the big city experience to small towns and suburbs.
Overview
Raised: $57,252
Total Commitments ($USD)
Platform
Netcapital
Start Date
04/03/2018
Close Date
07/06/2018
Min. Goal
$10,000
Max. Goal
$106,248
Min. Investment
$100
Security Type
Equity - Common
Funding Type
RegCF
Price Per Share
$0.17
Pre-Money Valuation
$1,070,103
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2018
Days Remaining
Funded
% of Min. Goal
573%
% of Max. Goal
54%
Likelihood of Max
Funded
Avg. Daily Raise
$609
Momentum
Funded
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Founder Profile
Location
Naugatuck, Connecticut
Industry
Consumer Products, Goods & Services
Tech Sector
Stodo is bringing the ease and convenience of living in a big city out to the suburbs. They are a “hyper-local on-demand delivery service” that delivers fast food, beverages, dry cleaning, groceries, or whatever else you can think of directly to your home, even if you live in a small town. You’re also connected with a real human being when you order, so there’s no confusion either. So far, Stodo has completed over 4,000 orders in a test market that earns $15,000 or more below its state’s median income, showing that this service is in demand for everyone -- not just those with large disposable incomes. They believe there are roughly 30,000 markets that would support a company like Stodo, and, with the long-term goal of using autonomous cars and solar powered robotics to maximize delivery efficiencies, they’ve selected target cities in Canada and Europe they hope to pursue in the next 24 months.
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