Relay On Demand

A new and better way to book truck drivers on demand

Analytics

Raised to Date: $464,057

Aggregate Commitments $
Platform

Republic

Start Date

01/20/2021

Close Date

04/21/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$8,000,000

Discount Rate

10%

Rolling Commitments $
Status
Funded
Reporting Date

04/21/2021

Days Remaining
Funded
% of Min. Goal

1,856%

% of Max. Goal

43%

Likelihood of Max
Funded
Avg. Daily Raise

$5,100

# of Investors

1,188

Momentum
Funded
Log in or create a free account today to gain access to KingsCrowd analytics.
Location

Norco, California

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

Relay On Demand, with a valuation cap of $8 million, is raising funds on Republic. The company has developed an app that helps to book truck drivers on demand. It has created a flexible driver workforce with its Relay Drivershare Network that can be utilized by trucking companies to hire truck drivers on-demand. Darrell Pickens founded Relay On Demand in April 2018. 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 enhance the product, expand into new markets, and add more drivers and companies to the network. Relay On Demand has over 1,000 drivers and 400 carriers signed to its network and is already profitable.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$461,117

$0

COGS

$444,033

$0

Tax

$0

$0

 

 

Net Income

$-229,101

$-96,639

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$10,336

$2,783

Accounts Receivable

$0

$0

Total Assets

$179,348

$167,783

Short-Term Debt

$31,645

$2,546

Long-Term Debt

$99,643

$0

Total Liabilities

$131,288

$2,546

Log in or create a free account today to gain access to KingsCrowd analytics.
Upgrade to Gain Access
Pay Monthly
Annually (Save 17%)

Pro

$25 /month
billed annually
Unlimited analyst reports. Does not include ratings.
Plan Includes:
Everything in Starter, plus
Filter on Staff Picks (e.g. Top Deal, Deal to Watch, etc.)
Full access to Analyst Reports
Market Analytics
Ratings
Get Pro Annual

Merlin

$41.67 /month
billed annually
Unlimited analyst reports and full access to Merlin ratings.
Plan Includes:
Everything in Pro, plus
Search and filter companies by Merlin ratings
Company specific Merlin rating and risk assessment
Ratings
Get Merlin Annual
Already a member? Log in here.

Ratings

Analyst Report

Other Deals

Hidden Company on Platform

Analyst reports are restricted for only Pro and Merlin members. Please upgrade for access.

RegCF
Hidden Company on Platform

Analyst reports are restricted for only Pro and Merlin members. Please upgrade for access.

RegCF
Hidden Company on Platform

Analyst reports are restricted for only Pro and Merlin members. Please upgrade for access.

RegCF
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add Relay On Demand on Republic
Follow company
Follow Relay On Demand on Republic