FreightPal

FreightPal

A fully automated technology solution for shipping

Print
Claim My Business
Security Type
Crowd SAFE
Categories
Financial Services, Transportation & Storage
Min Investment
$100
Location
STUDIO CITY, CA
Offering Date
January 17, 2022
Expected Close Date
April 14, 2022
Target Raise
$25.00K-$1.07M
No. Investors
553
Security Price
$1
Website
freightpal.com
Number of Employees
0
Cash
$135,063
Revenue
$2,619,304
Short Term Debt
$561,774
Cost of Goods
$2,168,149
Long Term Debt
$145,000
Net Income
$-149,753

Company Description

FreightPal uses technology to connect and automate
freight logistics

FreightPal was developed to compare price quotes, book, track, manage, bill and pay shipments online with all major integrated carriers. We offer technical integrations of the FreightPal services to our customers through external APIs.


FreightPal platform product flow


Perks

Reserve
$500
Receive
15% off your next FreightPal shipment

Reserve
$2,000
Receive
Quarterly investor updates from the CEO

Key Deal Facts

$1M invested by strategic logistics angel investors
40K+ transactions executed on the platform in 2020
200+ customers, including Old Dominion Freight Line and GlobalTranz
Millions of quotes delivered
$10M+ in combined revenue since 2017
Projected revenue of $45M by 2024
Amount Raised : $217,176
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments