XpressRun
Early Stage
One API to enable DTC brands to deliver smarter and faster than Prime
Overview
Raised: $84,190
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/11/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Convertible Note
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$4,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$260
# of Investors
70
Momentum
Funded
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Year Founded
2021
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
EnterpriseTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
XpressRun, with a valuation of $4 million, is raising funds on Wefunder. The company has developed the API to enable direct-to-customer companies to deliver faster and smarter than Prime. XpressRun has a last-mile delivery network with more than three million drivers across 20,000 zip codes. The company is operational in all 50 US states and has partnerships with last-mile delivery companies like Doordash and Roadie. Sada Wane and Ahmadou Diop founded XpressRun in April 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for product development, sales and marketing, and business development.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$22,485 |
$0 |
|
COGS |
$40,211 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-160,230 |
$-45,000 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$190,520 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$190,520 |
$0 |
|
Short-Term Debt |
$5,750 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$5,750 |
$0 |
Financials as of: 06/11/2023
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