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ModVans

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WebTez Inc.

Transportation · Oxnard, CA · Founded 2012

Modern & modular camper vans

Post-money valuation ⓘ
$74.3M
As of Dec 2022 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$1,557,751
Crowd $1.5M · Private $100K · 5 rounds since 2018
Latest share price
$0.3412
Reg CF · Common Stock · Jun 2022 offering price · in today's shares

Financials

FY2017–FY2024 · from SEC filings · hover any figure for its source
$101K
−$68K
2017
$357K
−$517K
2018
$1.5M
−$146K
2019
$2.9M
−$973K
2020
$3.5M
−$1.7M
2021
$4.6M
−$1.4M
2022
$6.1M
2023
$1.2M
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2017 reviewed*
FY2018 reviewed
FY2019 reviewed
FY2020 unaudited
FY2021 unaudited
FY2022 audited
FY2023 audited
FY2024 audited
Income statement
Revenue
$101,147
$357,013
$1,472,710
$2,941,465
$3,504,390
$4,620,686
$6,052,122
$1,174,087
Cost of goods sold
$2,746
$559,791
$949,348
$3,081,075
$4,023,830
$4,417,862
$4,458,949
$566,529
Gross margin
97%
-57%
36%
-5%
-15%
4%
26%
52%
Net income
-$67,906
-$517,197
-$145,864
-$973,054
-$1,746,672
-$1,410,570
$0
$0
Taxes paid
$898
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$198
$59,382
$113,581
$110,507
$15,993
$25,472
$9,760
$18,968
Accounts receivable
$23,907
$0
$0
$0
$0
$72,345
$0
$0
Total assets
$62,728
$141,109
$193,116
$928,131
$1,023,484
$1,790,855
$1,228,144
$2,180,147
Short-term debt
$0
$101,863
$73,380
$412,034
$740,147
$211,319
$2,561,020
$2,745,447
Long-term debt
$0
$238,939
$200,887
$389,138
$196,551
$238,908
$203,890
$486,902
Total liabilities
$0
$340,802
$274,267
$801,172
$936,698
$2,644,046
$2,764,910
$3,232,349
Other
Headcount
5
5
5
—
20
30
30
13

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
$12.5M
pre-money
$25.3M
pre-money
$74.2M
pre-money
$75.1M
est. pre-money
Reg CF · Class B Non-Voting Common · Nov 2018
Reg CF · Common · Nov 2020
Reg CF · Common · Jun 2022
Reg A+ · Equity · Sep 2023

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$0.3412$0.1706$0.07
Nov 2018Jun 2022
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

“Today's shares” restates every price in the share terms current now, so a price before a split or an LLC→corporation conversion is divided by that event's ratio (each event is cited on the round page). Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Jun 10, 2025
Series Seed Two Preferred Stock · 3.77%Class A Stock · 72.4%Class B Non-Voting · 23.8%
ClassOutstandingVotes / shareShare of totalVotesLiquidationLast price
Series Seed Two Preferred Stockpreferred7,077,10013.77%4.95%paid 1st—
Class A Stock136,000,000172.4%95.0%——
Class B Non-Voting44,690,410none23.8%0%—$0.1059Nov 2020
Total187,767,510100%100%

Shares outstanding over timein today's share terms

188M94M0
Sep 2023May 2025
Class A StockClass B Non-VotingSeries Seed Two Preferred Stock

Principal holders% as the filing states it, Jun 10, 2025

  • Peter J. Tezza II132,940,000 Class A Stock97.8%of Class A
  • Joe Powell4,987,375 Series Seed Preferred Stock70.5%of Series Seed Preferred
  • Jerred Chute293,080 Series Seed Two Preferred Stock33.0%of Series Seed Two Preferred
  • Katie Coons263,755 Series Seed Two Preferred Stock29.7%of Series Seed Two Preferred
  • Paul Casper1,377,255 Series Seed Preferred Stock19.5%of Series Seed Preferred
  • David Moore153,000 Series Seed Two Preferred Stock17.2%of Series Seed Two Preferred
  • James Littlepage147,059 Series Seed Two Preferred Stock16.6%of Series Seed Two Preferred
  • Ron Meyers712,470 Series Seed Preferred Stock10.1%of Series Seed Preferred

Sold to the crowd

  • Reg CF · Nov 201815,136,970 shares at $0.07 in today's terms · sold as 178,082 Class B Non-Voting Common Stock at $5.95; since then a 85-for-1 split (Sep 2023)$1.1M· 3,015 investors
  • Reg CF · Nov 20202,911,845 shares at $0.1059 in today's terms · sold as 34,257 shares at $9.00; since then a 85-for-1 split (Sep 2023)$308.3K· 538 investors
  • Reg CF · Jun 2022263,415 shares at $0.3412 in today's terms · sold as 3,099 shares at $29.00; since then a 85-for-1 split (Sep 2023)$89.9K· 111 investors

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $0 / $75MEst. pre-money $75.1M
Raised $89.9K / $4.8MInvestors 111Post-money $74.3M
Raised $100KInvestors 1
Raised $308.3K / $400KInvestors 538Post-money $25.6M
Raised $1.1M / $1.1MInvestors 3,015Post-money $13.6M

Team

8 people
Laura L. TezzaFounder
Co-Founder

MBA, 20+ years experience in start-ups

Peter J. Tezza IIFounder
Co-Founder

20+ years experience in start-up and early stage technology companies, multiple successful exits

Pj TezzaFounder
Co-Founder/CEO
Jean-Thierry Aupetit
Chief Engineer
Abe Kleinfeld
Adviser

CEO at GridGain Systems

Jonathan Braswell
Adviser

Principal Software Engineer

JT Aupetit
Adviser

MS Aerospace Engineering

Randy Fuchs
Adviser

PE Mechanical Engineering

Names and titles as disclosed on SEC Form 1-A, SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 6 of 8 annual reports (FY2018–FY2025)

3,015 investors
holder-count proxy

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

  • Form 253G2Jul 1, 20250001683168-25-004841
    EDGAR
  • Form QUALIFJun 16, 20259999999994-25-000112
    EDGAR
  • Form 1-A POSJun 10, 20250001683168-25-004347
    EDGAR
  • Form 1-A POSMay 23, 20250001683168-25-003962
    EDGAR
  • Form 1-KMay 22, 20250001683168-25-003934
    EDGAR
  • Form C-ARMay 21, 20250001683168-25-003910
    EDGAR
  • Form 1-A POSJan 10, 20250001683168-25-000225
    EDGAR
  • Form 1-A POSDec 30, 20240001683168-24-009040
    EDGAR
Source: ManualCIK 0001759058GAShare price $0.40

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.