Fleeting

Top Deal
BETA

Connecting commercial drivers with on-demand trucking jobs

Analytics

Raised to Date: $1,070,000

Aggregate Commitments $
Platform

Republic

Start Date

02/24/2020

Close Date

07/12/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

08/02/2020

Days Remaining
Funded
% of Min. Goal

4,280%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$7,698

# of Investors

4,823

Momentum
Funded
Location
Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

High Growth

Fleeting, with a $10 million valuation cap, is raising funds on Republic. The platform connects commercial truck drivers with trucking companies offering on-demand trucking jobs. The drivers provided through Fleeting are vetted by background checks, drug tests, and previous employment reviews. Through Fleeting, the truck companies only pay for the hours worked by the drivers and thus manage efficiencies. Fleeting was founded by Pierre Laguerre, Anil Jagarlamudi, Paul Munguia, and Benny Hammond in April 2018. The proceeds of the current round of crowdfunding, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used for product development, driver acquisition, and new market expansion. Fleeting is backed by prominent investors and has reported a 20% month-over-month growth in 2019.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$41,866

$0

COGS

$30,784

$0

Tax

$0

$0

 

 

Net Income

$-50,094

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$-51

$0

Accounts Receivable

$41,866

$0

Total Assets

$41,815

$0

Short-Term Debt

$50,709

$0

Long-Term Debt

$0

$0

Total Liabilities

$50,709

$0

Ratings

last updated 08/23/2020

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Analyst Report

Top Deal
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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