TruckBux
Early Stage
Full-stack online ordering platform for food truck owners and their customers
Overview
$147,614 - RegCF
$322,614 - Total
$322,614 - Total
Total Commitments ($USD)
Platform
SeedInvest
Start Date
06/11/2020
Close Date
08/02/2020
Min. Goal
$25,000
Max. Goal
$1,000,000
Min. Investment
$1,000
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Valuation Cap
$6,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,894
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Retailtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
TruckBux, with a $6 million valuation cap, is raising funds on SeedInvest. The TruckBux app allows customers to look for food trucks around them, order the food, make payments, and get the food delivered or pick it up. The food truck owners get to receive online orders, manage their menu and hours, set their live location, and receive sales analytics. TruckBux was founded by Nick Nanakos and has raised over $250,000 in previous rounds of financing. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,000,000, and the funds will be used for advertising and marketing, salaries and wages, software and subscriptions, data expenses, travel, and contractors. TruckBux currently has over 60 food trucks signed up on its platform and is allowed to deliver in all 50 states due to its integration with Postmates. The company achieved $157,000 in gross merchandise value in 2019, up 123% year-over-year.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$12,532 |
$680 |
|
COGS |
$80,479 |
$54,160 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-67,947 |
$-48,480 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$10,457 |
$20,404 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$13,124 |
$20,404 |
|
Short-Term Debt |
$0 |
$5,000 |
|
Long-Term Debt |
$123,000 |
$60,000 |
|
Total Liabilities |
$123,000 |
$65,000 |
Financials as of: 06/11/2020
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