Truevana
Truevana, with a valuation of $5 million, is raising funds on StartEngine. The company has developed a marketplace that helps streamline the relocation process. Truevana connects service members with the essential products and services they need for any move and simplifies the complex moving, housing, and service needs. The company is creating a network of veteran-owned small businesses to offer national coverage and ensure smooth transitions for service members and their families. Mike McDonald and Andrew Vincello founded Truevana in April 2022. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and platform development, acquisition and marketing, operating capital, and services and support.
Investment Overview
Raised: $69,754
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 09/30/2024
- Close Date
- 12/30/2024
$15,000
$1,235,000
$250
Equity - Common
Seed
RegCF
$0.50
$5,000,000
Company & Team
Company
- Year Founded
- 2022
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +655% YoY
- $48,962
- Monthly Burn
- $20,000
-
Runway
- 2.9 months
- Gross Margin
- 29%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $140,110
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/30/2024 | StartEngine | $5,000,000 | $69,754 | Equity - Common | Active | RegCF |