Scrap Connection, Inc. on Wefunder

Business intelligence and trading tools for recycling industry professionals

Raise to date: $223,516

Reporting Date: 04/05/2020

Key Stats

Minimum Raise

$50,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

08/30/2019

Stop Date

05/22/2020

Days Remaining

44

Security Type

SAFE

Investment Minimum

$200

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

420

% of Minimum Raised

447%

% of Maximum Raised

21%

Dollars Per Day to Reach Max

$19,238

DPD* Committed

$1,021

DPD* Category

$0

DPD* All Companies

$911

Kingscrowd Momentum

$223,516

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Scrap Connection, with a valuation cap of $7 million, is raising funds on WeFunder. The company, now known as Tradefox, connects recycling industry professionals and provides them trading tools and business intelligence. Scrap Connection generates Trade Reputation Reports for the companies to give details about the reliability of the companies. It was founded by Chris Yerbey and has raised $1.7 million since its inception. The current crowdfunding round of Scrap Connection has a minimum target of $50,000, and the funds will be used to grow the business exponentially. Scrap Connection has already added 110,000 new company profiles to its database since 2018 and has over 2,500 Trade Reputation reports available for download.

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