Overview

Raised to Date: Raised: $297,509

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/16/2023

Close Date

04/29/2024

Min. Goal

$100,000

Max. Goal

$618,000

Min. Investment

$500

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Early Bird Val. Cap

$27,500,000

Valuation Cap

$30,000,000

Discount

5%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/22/2024

Days Remaining

6

% of Min. Goal

298%

% of Max. Goal

48%

Likelihood of Max

Avg. Daily Raise

$800

Momentum

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Tradefox

Year Founded

2012

Industry

Industrial Services

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Lewes, Delaware

Business Type

High Growth

Company Website

Tradefox, with a valuation of $30 million, is raising funds on Wefunder. The company connects recycling industry professionals and provides them with trading tools and business intelligence. Tradefox generates Trade Reputation Reports for the companies to give details about the reliability of the companies. It has 6,000 members from 183 countries with an average year-over-year increase of 65% and has been used to review more than 136,000 buyer-seller transactions. Chris Yerbey founded Tradefox in July 2012. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $618,000. The campaign proceeds will be used for paying critical business development costs, tech development, and trade show budgets to expand reach in the global recycling trade.

Summary Profit and Loss Statement

	FY 2022	FY 2021
Revenue	$4,373	$10,036
COGS	$0	$0
Tax	$0	$0
Net Income	$-803,608	$-618,515

Summary Balance Sheet

	FY 2022	FY 2021
Cash	$12,394	$22,173
Accounts Receivable	$0	$0
Total Assets	$284,561	$280,174
Short-Term Debt	$247,246	$323,364
Long-Term Debt	$57,064	$0
Total Liabilities	$304,310	$323,364

Financials as of: 04/16/2023

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Tradefox	04/28/2024	Wefunder	$30,000,000	$297,509	SAFE	Active	RegCF
Scrap Connection, Inc.	08/30/2020	Wefunder	$7,000,000	$293,506	SAFE	Funded	RegCF
Scrap Connection, Inc.	10/30/2017	Wefunder	$4,500,000	$969,727	SAFE	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

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

In 2020, KingsCrowd rated Tradefox’s Wefunder raise a Deal to Watch and gave it a five-star rating. In its new raise on Wefunder, Tradefox (formerly known as Scrap Connection) has broadened its mission from protecting buyers of recyclables to protecting the planet. Tradefox’s new emphasis on the environment is less of a pivot and more of an attempt to place the company’s services in a broader global perspective that puts the planet’s health front and center.

But why? And why now?

View Company Update