Brakes To Go on Microventures

Mobile on-demand brake service and repair

Raise to date: $327,672

Reporting Date: 11/17/2019

Key Stats

Minimum Raise

$50,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

08/28/2019

Stop Date

12/09/2019

Days Remaining

20

Security Type

Convertible Note

Investment Minimum

$100

Deal Type

Deal to Watch


Investment Summary

Status

Active

# of Investors

1,259

% of Minimum Raised

655%

% of Maximum Raised

31%

Dollars Per Day to Reach Max

$37,116

DPD* Committed

$4,045

DPD* Category

$0

DPD* All Companies

$1,357

Kingscrowd Momentum

$327,672

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Brakes To Go, the mobile on-demand brake repair and service company, is raising funds on MicroVentures. The company has a valuation cap of $9 million and is based in Austin, Texas. Brakes To Go employs certified ASE technicians to offer mobile brake repair services that can be requested online, in addition to using top-quality brake system replacement components. Brakes To Go was founded by Randall C. Huntsinger and Jonathan R. Ganther and has raised funds through equity and venture debt in the past. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $1,070,000, and the proceeds will be used for equipment purchases, manufacturing, marketing, repayment of the debt, and administrative overhead. Brakes To Go has already earned gross revenues of $5.6 million since its inception in 2015 and generated net income of $3,798 in 2019.

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