TracFlo

Construction financials done right

Analytics

Raised to Date: $133,872

Aggregate Commitments $
Platform

Republic

Start Date

05/31/2021

Close Date

09/10/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$6,500,000

Discount Rate

20%

Rolling Commitments $
Status

Active

Reporting Date

06/13/2021

Days Remaining

89

% of Min. Goal

535%

% of Max. Goal

13%

Likelihood of Max
likely
Avg. Daily Raise

$10,298

# of Investors

306

Momentum
hot
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Location

New York, New York

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

TracFlo, with a valuation cap of $6.5 million, is raising funds on Republic. The company has developed a financial management app for empowering contractors. The platform connects the field to the office and supports real-time documentation, including photos and videos. Khalid David and Jake Snyder founded TracFlo in February 2019. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the funds will be used to streamline the construction business from start to finish. TracFlo has customers, including Turner Construction Company, and is currently used on the third-largest construction project in New York City.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$57,585

$3,827

COGS

$6,075

$466

Tax

$0

$0

 

 

Net Income

$-75,878

$-65,046

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,628

$5,446

Accounts Receivable

$0

$0

Total Assets

$48,915

$31,363

Short-Term Debt

$4,680

$0

Long-Term Debt

$26,250

$0

Total Liabilities

$30,930

$0

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