Car Savior on MicroVentures

Online car repair marketplace with a proprietary car diagnostic algorithm

Raise to date: $106,581

Reporting Date: 08/12/2020

Key Stats

Minimum Raise

$50,000

Maximum Raise

$250,000

Likelihood of Max Possible
Start Date

07/02/2020

Stop Date

09/28/2020

Days Remaining

45

Security Type

Convertible Note

Investment Minimum

$100

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

111

% of Minimum Raised

213%

% of Maximum Raised

43%

Dollars Per Day to Reach Max

$3,187

DPD* Committed

$2,600

DPD* Category

$0

DPD* All Companies

$1,879

Kingscrowd Momentum

$106,581

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Car Savior, with a valuation cap of $3.8 million, is raising crowdfunding on MicroVentures. It is an online car repair marketplace that makes car repairs faster, more convenient, and easier. The users can describe their problems through a questionnaire on the Car Savior website, and the diagnostic algorithm of the platform determines the most likely problem. Car Savior was founded by Christiaan Best and Hayden Luckadoo in 2017 and has raised about $270,000 since its founding. The current round of crowdfunding of the company has a minimum goal of $50,000 and a maximum goal of $250,000, and the proceeds will be used for campaign marketing, general marketing, research and development, future wages, and general working capital. Car Savior has diagnosed more than 6,500 vehicles to date, and the bookings increased by 23.75% in the first five months of 2020, compared to the same period in 2019.

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