FreightPal

FreightPal

Growth Stage

A fully automated technology solution for shipping

A fully automated technology solution for shipping

Overview

Raised to Date: Raised: $203,926

Total Commitments ($USD)

Platform

Republic

Start Date

02/17/2022

Close Date

04/14/2022

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,500,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2022

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

$3,708

# of Investors

543

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2013

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

AutomationTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Studio City, California

Business Type

Growth

FreightPal, with a valuation of $7.5 million, is raising funds on Republic. The company has developed a fully automated technology solution for shipping. The technology connects and automates freight logistics by comparing price quotes, booking, tracking, managing, and making bill and shipment payments online with all major integrated carriers. FreightPal has over 200 customers, including GlobalTranz and Old Dominion Freight Line, and has reported $10 million in combined revenue since 2017. Michael Rasmussen founded FreightPal in February 2013. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for technology, product development, sales and marketing, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,619,304

$3,267,054

COGS

$2,168,149

$2,700,101

Tax

$3,529

$1,300

 

 

Net Income

$-149,753

$-186,286

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$135,063

$36,563

Accounts Receivable

$110,604

$276,317

Total Assets

$305,705

$379,048

Short-Term Debt

$561,774

$635,513

Long-Term Debt

$145,000

$0

Total Liabilities

$706,774

$635,513

Financials as of: 02/17/2022
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
FreightPal 04/13/2022 Republic $7,500,000 $203,926 SAFE Funded RegCF
FreightPal 04/25/2017 Self Managed - $735,000 Equity - Common Funded RegD 506(b)
Create a free account today to gain access to KingsCrowd analytics.

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

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
FreightPal on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $7,500,000

Follow company

Follow FreightPal on Republic 2022

Buy FreightPal's Deal Report

Warning: according to the close date for this deal, FreightPal may no longer be accepting investments.

FreightPal Deal Report

Get KingsCrowd’s comprehensive report on FreightPal including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether FreightPal is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the FreightPal deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge