Courial

A people-first approach to building a last-mile courier technology company

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Form C

View on Republic

Security Type: Crowd SAFE
Min Investment: $111
Location: SAN FRANCISCO, CA
Offering Date: August 01, 2022
Expected Close Date: December 31, 2022
Target Raise: $107.10K-$250.00K
No. Investors: 43
Security Price: $1
Website: courial.com

Number of Employees: 7
Cash: $3,738
Revenue: $323,561
Short Term Debt: $47,422
Cost of Goods: $538,276
Long Term Debt: $0
Net Income: $-363,161

Company Description

Technology alone can not curb driver churn—only access to a livable wage and true partnership can.

Perks

Reserve
$111
Receive
Receive a shout out on our social media channels.

Reserve
$500
Receive
A special thank-you video, email or text message from the CEO
Plus all previous perks.

Reserve
$1,000
Receive
Placement of your name or company name on our website as list of top investors
Plus all previous perks.

Reserve
$1,500
Receive
One week of free deliveries by Courial in your area. (Limited to one delivery per day)
Plus all previous perks.

Reserve
$2,500
Receive
Conference call with the CEO
Plus all previous perks.

Reserve
$5,000
Receive
Dinner with the CEO in in Los Angeles, CA
Plus all previous perks.

Reserve
$10,000
Receive
Dinner with the CEO in your US city
Plus all previous perks.

Reserve
$15,000
Receive
Exclusive investors-only t-shirt and or hat
Plus all previous perks.

Reserve
$25,000
Receive
Free deliveries from Courial for 90 days. (limited to one delivery per day)
Plus all previous perks.

Reserve
$50,000
Receive
VIP badge on your user profile in Courial app
Plus all previous perks.

Reserve
$100,000
Receive
A place on our advisory board plus all previous perks.

Key Deal Facts

$150K+ in MRR and growing at 25% MOM
$1M+ in revenue since launch in Spring 2021
20,000 Courials (Courier Partners) on platform
Courials incentivized to use electrified vehicles
60% of Courials are people of color
1000+ B2B and B2C users
Courials have two seats on company board

Management Team / Advisory Board Bios

Herb Coakley
Founder, CEO and CTO

William Wang
Head, Engineering

Steve Stasaitis
Head, Dispatch Operations

Danielle Harris
Advisory Board

Harry Campbell
Advisory Board

Jenny Fielding
Advisory Board

Amount Raised : $11,770

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Business Idea

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Business Traction

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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.

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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.

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