Relay Point

Relay Point

Growth Stage

The app revolutionizing transportation with blockchain technology

The app revolutionizing transportation with blockchain technology

Overview

Raised to Date: Raised: $65,200

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

08/18/2021

Close Date

02/20/2022

Min. Goal
$1,500
Max. Goal
$10,000,000
Min. Investment

$1,500

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$50,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/27/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$352

# of Investors

7

Momentum
Funded
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Year Founded

2018

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Las Vegas,, Nevada

Business Type

Growth

Relay Point is raising funds on Dalmore. The Company is building the first mass use case for blockchain in the $75 billion on-demand transportation market. The Relay Point app brings a brand-new solution to age-old problems in passenger-for-hire and move to freight industries – problems overlooked by Uber and Lyft and in desperate need of resolution. The Relay Point blockchain solution enables Smart Contracts to make approval, clearance, and payments faster and more efficient, while tokenization puts all aspects of a contract on the ledger, increasing transparency. The current crowdfunding campaign has a maximum target of $ 10,000,000. The campaign proceeds will be used for staffing, research and development and for purchase of real estate.

Balance Sheet

Cash and Cash Equivalents

$3

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$34,823

Accounts Payable & Accrued Liabilities

$22,625

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$32,625

Total Stockholders' Equity

$2,198

Total Liabilities and Equity

$34,823

Statement of Comprehensive Income Information

Total Revenues

$0

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$50,446

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$-50,446

Earnings Per Share - Basic

$5.00

Earnings Per Share - Diluted

$3.44

Auditor: Omar Alnuaimi
Financials as of: 08/18/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Relay Point 11/08/2023 Dalmore Group $22,000,000 - Equity - Common Not Funded RegA+
Relay Point 02/19/2022 Dalmore Group $50,000,000 $65,200 Equity - Preferred Funded RegA+
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Relay Point on Issuance 2021
Platform: Dalmore Group
Security Type: Equity - Preferred
Valuation: $50,000,000
Price per Share: $5.00

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