Carmmunity

Neutral
BETA

Enterprise grade technologies

Analytics

Raised to Date: $150,000

Aggregate Commitments $
Platform

Silicon Prairie Online

Start Date

12/11/2020

Close Date

12/07/2021

Min. Goal

$103,500

Max. Goal

$150,000

Min. Investment

$1,000

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$1,350,000

Weekly Commitments $
Status

Active

Reporting Date

03/03/2021

Days Remaining

278

% of Min. Goal

145%

% of Max. Goal

100%

Likelihood of Max
Avg. Daily Raise

$1,829

# of Investors

42

Momentum
Location

Minneapolis, Minnesota

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

GamingTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Carmmunity, an app for automotive enthusiasts, is raising funds on Silicon Prairie Online. The app works as the marketplace to buy, sell, and trade parts, in addition to finding local and national car events, meeting new friends, and easily connecting with other users. Daniel Balto founded Carmmunity in 2016. The proceeds of the current crowdfunding campaign, with a minimum goal of $103,500 and a maximum goal of $150,000, will be used for marketing, legal expenses, and hiring. Carmmunity uses a combination of enterprise-grade technologies and has run a successful beta. The business has a huge social media following with 100% organic growth.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$609

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-69,553

$-10,876

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$261

$194

Accounts Receivable

$0

$0

Total Assets

$54,061

$15,434

Short-Term Debt

$7,604

$0

Long-Term Debt

$5,249

$0

Total Liabilities

$12,853

$0

Ratings

last updated 03/04/2021

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