LaneAxis

Deal To Watch
BETA

Transforming Freight Transportation

Analytics

Raised to Date: $1,069,952

Aggregate Commitments $
Platform

StartEngine

Start Date

02/24/2020

Close Date

05/21/2020

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$300

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$7,970,000

Weekly Commitments $
Status
Funded
Reporting Date

05/31/2020

Days Remaining
Funded
% of Min. Goal

10,700%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$12,298

# of Investors

1,970

Momentum
Funded
Location
Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Business Type

High Growth

LaneAxis, with a pre-money valuation of $7.9 million, is raising funds on StartEngine. The company is implementing SaaS technology into the supply chain industry to eliminate outdated processes. The patented technology of LaneAxis uses a data-fuelled network to connect shippers with carriers and automates shipping management. LaneAxis was founded by Rick Burnett in 2015, and the Pro Truck Driver app was launched in the fourth quarter of 2019. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the funds will be used to scale the network, customers, and revenue. LaneAxis is led by a strong team and has strategic partnerships to ensure its growth and expansion.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$418,428

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-626,712

$-371,992

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$33,185

$11,674

Accounts Receivable

$0

$0

Total Assets

$2,207,132

$2,360,963

Short-Term Debt

$399,397

$385,397

Long-Term Debt

$100,000

$0

Total Liabilities

$499,397

$385,397

Ratings

last updated 08/23/2020

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Analyst Report

Deal To Watch
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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