Tradefox (2024)
About this raise
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.
Investment Overview
Invested : $311,509
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 04/17/2023
- Close Date
- 04/29/2024
$100,000
$618,000
$500
SAFE
Early Stage
RegCF
$27,500,000
$30,000,000
5%
Company & Team
Company
- Year Founded
- 2012
- Industry
- Industrial Services
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +4,373% YoY
-
$0
as of FY2022
- Monthly Burn
-
$66,967
as of FY2022
-
Runway
-
0.2 months
as of FY2022
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- Company specific
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Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $3,481,485
- VC Backed?
- No
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Tradefox | 04/29/2024 | Wefunder | $30,000,000 | $311,509 | SAFE | Funded | RegCF |
| 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 |
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?