Tradefox
Trust in Recycling Risk out, money in, planet win
Overview
$516,091 - Total
Total Commitments ($USD)
Wefunder
04/17/2023
04/29/2024
$500
SAFE
Seed
RegCF
/ RegD 506(c)
$27,500,000
$30,000,000
5%
Rolling Commitments ($USD)
Active
06/09/2023
325
91%
15%
$1,719
2012
Industrial Services
MarketplaceTech
B2B
High
Low
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 |
Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Tradefox | 04/29/2024 | Wefunder | $30,000,000 | $516,091 | SAFE | Active | RegCF / RegD 506(c) |
| Scrap Connection, Inc. | 08/31/2020 | Wefunder | $7,000,000 | $293,506 | SAFE | Funded | RegCF |
| Scrap Connection, Inc. | 10/31/2017 | Wefunder | $4,500,000 | $969,727 | SAFE | Funded | RegCF |
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Company Updates
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?