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Security Type
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CAFES
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Categories
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Technology, Financial Services
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Min Investment
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$100
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Expected Close Date
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April 30, 2023
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Target Raise
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$150.00K-$1.07M
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Security Price
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$1
- Number of Employees
- 5
- Cash
- $859
- Revenue
- $11
- Short Term Debt
- $1,764
- Cost of Goods
- $0
- Long Term Debt
- $48,248
- Net Income
- $-16,958
Company Description
📈 Market Size: $13.29 billion of automotive digital ad spending in the US in 2021
💹 Market Size: The automotive software market is anticipated to reach $13.6 billion by 2024.
🚀 SaaS solution and marketplace shaping the future way people will buy new cars!
💸 A sales automation software to increase new car dealerships' sales pipeline!
⚡ Vehiko is a marketplace and web integration tool with “AI functionalities”
🔥 Vehiko uses artificial intelligence and machine learning to improve user experiences.
🏆 Vehiko's founder is an entrepreneur with decades of experience.
Key Deal Facts
📈 Market Size: $13.29 billion of automotive digital ad spending in the US in 2021
💹 Market Size: The automotive software market is anticipated to reach $13.6 billion by 2024.
🚀 SaaS solution and marketplace shaping the future way people will buy new cars!
💸 A sales automation software to increase new car dealerships' sales pipeline!
⚡ Vehiko is a marketplace and web integration tool with “AI functionalities”
🔥 Vehiko uses artificial intelligence and machine learning to improve user experiences.
🏆 Vehiko's founder is an entrepreneur with decades of experience.
Use of Proceeds
$150,000 |
10% R&D, 10% Key Hires, 5% Working Capital & Contingency, 67.5% Dealer Group Sales & User Acquisition, 7.5% toward Wefunder fees
|
$1,070,000 |
10% R&D, 8% Key Hires, 3% Working Capital & Contingency, 71.5% Dealer Group Sales & User Acquisition, 7.5% toward Wefunder fees
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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
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.