Doorage

Neutral
BETA

The modern alternative to storage and moving

Analytics

Raised to Date: $7,781

Aggregate Commitments $
Platform

Republic

Start Date

10/21/2020

Close Date

03/19/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$17,500,000

Discount Rate

0%

Weekly Commitments $
Status

Active

Reporting Date

01/24/2021

Days Remaining

52

% of Min. Goal

31%

% of Max. Goal

1%

Likelihood of Max
Avg. Daily Raise

$82

# of Investors

43

Momentum
Location

Elk Grove Village, Illinois

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

Proptech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Doorage, with a valuation cap of $17.5 million, is raising crowdfunding on Republic. It is a door-to-door storage provider that brings sage and convenient storage directly to the customers. The platform also helps the users get instant online estimates and bookings for movers. Doorage is a comprehensive service, including pickup, storage, and delivery. Sean Sandona founded Doorage in October 2017 and has raised over $620,000 since its inception. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,070,000, and the funds will be used to increase the offerings and launch in over 20 new markets. Doorage has already served over 1,200 customers and generated more than $550,000 in sales in 2018-19. The business reported a 98% growth in 2019 and a 101% growth in 2020 year-to-date.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$336,985

$170,832

COGS

$33,856

$13,890

Tax

$0

$0

 

 

Net Income

$-504,730

$-686,022

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$9,925

$531

Accounts Receivable

$0

$0

Total Assets

$312,206

$325,167

Short-Term Debt

$981,936

$577,576

Long-Term Debt

$62,830

$0

Total Liabilities

$1,044,766

$663,996

Ratings

last updated 01/26/2021

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Analyst Report

Neutral
Ratings Platform - Beta Trial

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