Fleeting on Republic
Connecting commercial drivers with on-demand trucking jobs
Raise to date: $60,295
Reporting Date: 03/29/2020
Key Stats
|
Minimum Raise
$25,000 |
Maximum Raise
$1,070,000 |
Likelihood of Max
|
|
Start Date
02/24/2020 |
Stop Date
04/29/2020 |
Days Remaining
29 |
|
Security Type
SAFE |
Investment Minimum
$100 |
Deal Type
No Review |
Investment Summary
|
Status
Active |
# of Investors
272 |
% of Minimum Raised
241% |
% of Maximum Raised
6% |
|
Dollars Per Day to Reach Max
$34,817 |
DPD* Committed
$1,773 |
DPD* Category
$0 |
DPD* All Companies
$961 |
$60,295
Commitments
Weekly Commitments ($)
Aggregate Commitments ($)
SEC Filing Data from Kingscrowd
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.