Crowdonomics
All companies
dexFreight logo

dexFreight

Operating

dexFreight, Inc.

Transportation · Sunrise, DE · Founded 2018

Decentralized logistics Market-Network

Valuation cap ⓘ
$37.0M
As of Apr 2023 · from Reg CF Offering (2022) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$4,076,150
Crowd $1.2M · Private $2.9M · 5 rounds since 2019
Latest share price
$1.95
Reg CF · Common Stock · Jul 2021 offering price

Financials

FY2019–FY2021 · from SEC filings · hover any figure for its source
$131K
−$839K
2019
$1K
−$3.4M
2020
$12K
−$1.6M
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed
FY2020 reviewed
FY2021 unaudited
Income statement
Revenue
$131,461
$1,274
$12,177
Cost of goods sold
$970,419
$13,500
$25,600
Gross margin
-638%
-960%
-110%
Net income
-$838,958
-$3,384,887
-$1,638,682
Taxes paid
$0
$0
$0
Balance sheet
Cash
$41,192
$94,810
$44,170
Accounts receivable
$0
$7,058
$101,777
Total assets
$41,192
$101,868
$177,695
Short-term debt
$24,786
$981,403
$840,831
Long-term debt
$1,162,646
$2,334,761
$1,757,471
Total liabilities
$1,187,432
$3,316,164
$2,598,302
Other
Headcount
—
20
20

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$30.1M
pre-money
$37.0M
Valuation cap
Reg CF · Common · Jul 2021
Reg CF · SAFE · Dec 2022

Blue bars are the pre-money valuation the company stated for a priced round. Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth, so don't compare them with the other bars.

Fundraising history

Reg CF · SAFE · Dec 2022Closedvia Republic
Raised $98.5K / $3.9MInvestors 112Valuation cap $37M
Raised $1.1M / $1.1MInvestors 910Post-money $31.2M

Team

19 people
Adrian Giannini
Co-founder and CTO/Head of Products

Software engineer with more than 20 years of experience. Considered an effective coach and mentor and committed to leading exceptionally gifted teams. He has helped launch more than 160 mobile applications and SaaS products with more than 28 million unique consumers. At dexFreight, Adrian is responsible for developing products, leading development team, quality control, and full stack development including devops. He is full-time at dexFreight.

Hector Hernandez
Co-founder, CSO/Head of Sales and Marketing, and Board Member

Experienced entrepreneur with vested interests in blockchain technology, transportation, logistics, and software and app development. A firm believer of Web 3.0 and an advocate of collaboration, decentralization, data privacy, and equitable distribution of value. He is also a Board Member of World Transportation Services. At dexFreight, he is responsible for product development strategy, fundraising, sales and marketing to freight brokers and carriers. He is full-time at dexFreight.

Jim Handoush
Co-founder, CEO, and President

Highly successful 30-year history in Logistics both with billion-dollar publically traded companies as well as start-ups. Expert in transportation technologies. A highly effective Senior Executive with a proven record of growth and success building businesses from startup to profitable operations in complex and highly competitive environments. Very skilled at identifying market opportunities and developing strategies to effectively exploit them. Proven track record-setting strategic direction; executing to plan; optimizing operations; and recruiting, developing, and leading teams to achieve outstanding results. Former President of Landstar Global Logistics and Co-COO of Landstar Systems.

Rajat Rajbhandari, PhD
Co-founder, CIO/Head of Research, and Board Member

Expert in Transportation Research, Operations, and Technology. Strong research and algorithms, ideation, business development, and portfolio management skills in logistics, freight transportation, mobility sectors. +15 years in transportation research, consulting and development. Rajat is also a working group lead at Mobility Open Blockchain Initiative and spends about 20 hours a week in working with OEM, mobility providers, suppliers around the world, in developing standards, reference architecture for using blockchain in mobility.

Ricardo Escobar
Co-founder and Board Chairman

Enterprise management executive. Former CIO at BHP Billiton - one of the largest mining companies in the world. Ricardo brings more than 35 years of experience in management and consulting.

Judeh Handoush
President and CEO
Renat Khasanshyn
Head of Protocols and DeFi

Expert in cryptoeconomics, game theory, insurance product design, licensing of insurance entities, and tokenization of risk. Co-founder of Etherisc.

Ben Melamed
Advisor

Distinguished Professor for the Department of Supply Chain Management at Rutgers University.

Carlota Perez
Advisor

Author of “Technological Revolutions and Financial Capital."

Show 10 more people
Cody Behles
Advisor

Assistant Director, Innovation & Research Support FedEx Institute of Technology.

David Sparks
Advisor

Co-founder of Transcore.

Diego Gutierrez
Advisor

CEO and Co-Founder, IOVLabs, (RIF / RSK / Taringa), Bitcoin Argentina NGO, Koibanx.

Douglas O' Keefe
Board Member

Douglas O’Keefe is an attorney with over 20 years of legal experience focused on mergers and acquisitions as well as structured financial transactions. His clients include private equity funds, institutional lenders, family offices and private companies. He has overseen hundreds of transactions including roll-up acquisitions, leveraged buy-outs, fund-raising and sale transactions. Since the inception of dexFreight, Doug has assisted with legal matters and has served on its board of directors.

Justin Banon
Advisor

CEO & Co-founder of Boson Protocol.

Luciano Bonaldo
Board Member

Luciano is the sales director and co-owner of a Fort Lauderdale based seafood Importer Netuno USA, listed 2 years in a row on INC 500 fasted growing private companies (2004-2005). He has over 27 years of experience in food distribution, import/export. Luciano is one of the earliest investors in dexFreight and has served in the board since its inception.

Mark Draeb
Advisor

Entrepreneur and technology executive for the transportation industry.

Michael Zargham, PhD
Advisor

Founder and CEO, BlockScience.

Trent McConaghy, PhD
Advisor

Founder, Ascribe, BigchainDB, Ocean Protocol.

Rajat Rajbhandari
Director

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 1 of 5 annual reports (FY2021–FY2025)

Missing: 2022, 2023, 2024, 2025

910 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-UApr 11, 20230001863914-23-000001
    EDGAR
  • Form CDec 1, 20220001863914-22-000005
    EDGAR
  • Form C-ARAug 9, 20220001665160-22-002175
    EDGAR
  • Form C-UMar 29, 20220001665160-22-000570
    EDGAR
  • Form C/AJan 20, 20220001665160-22-000118
    EDGAR
  • Form CJul 29, 20210001665160-21-001360
    EDGAR
Source: ManualCIK 0001863914DEShare price $1.95

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.