UcarMobile
About this raise
UcarMobile, with a valuation of $6.5 million, is raising funds on Silicon Prairie Online. The company has developed a software-as-a-service platform that connects consumers to reliable automotive services technicians. The platform lets the technicians concentrate on fixing cars while the company handles advertising, customer support, parts, and back-office reports. UcarMobile launched its beta version in early 2021 and the full platform in June 2022. It is currently serving 36 cities with five marketplace partners and has generated $80,000 in revenue. Tony Belgameh and Al Vigil founded UcarMobile in October 2016. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $249,000. The campaign proceeds will be used for product, development, customer care, marketing, management expenses, and working capital.
Investment Overview
Not Funded: $0
Deal Terms
Company & Team
Company
- Year Founded
- 2016
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $78,582
- Monthly Burn
- $11,679
-
Runway
- 0.7 months
- Gross Margin
- 14%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
05/13/2023 | Silicon Prairie Online | $6,500,000 | $0 | SAFE | Not Funded | RegCF |