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TransitNet
OperatingTransitNet LLC
Founded 2020
TransitNet brings title to crypto
Valuation cap ⓘ
$16.0M
As of Apr 2023 · from TRANSITNET Future Equity SAFE 2 · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$1,925,177
Across 2 rounds since 2021
Latest share price
$1.00
TRANSITNET Future Equity SAFE 2 offering price
Financials
FY2018–FY2024 · from SEC filings · hover any figure for its source$0
2018
$0
2019
$0
−$30K
2020
$10K
−$975K
2021
$0
−$1.4M
2022
−$352K
−$510K
2023
$0
−$239K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
Income statement
Revenue
$0
$0
$0
$9,797
$0
-$351,930
$0
Cost of goods sold
$0
$0
$36,988
$0
$0
$0
$238,998
Gross margin
—
—
—
100%
—
—
—
Net income
$0
$0
-$30,238
-$975,340
-$1,377,827
-$509,930
-$238,998
Taxes paid
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$0
$0
$5,000
$1,295,202
$710,184
$176,277
$5,001
Accounts receivable
$0
$0
$0
$1,089
$0
$0
$0
Total assets
$0
$0
$55,000
$1,335,202
$710,184
$196,277
-$70,229
Short-term debt
$0
$0
$35,238
$162,677
$226,136
$87,720
$160,974
Long-term debt
$0
$0
$0
$0
$0
$0
$0
Total liabilities
$0
$0
$35,238
$162,677
$226,136
$87,720
$160,974
Other
Headcount
—
2
0
2
1
1
0
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; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Post-money = pre-money + amount raised · caps marked$6.0M
Valuation cap
$16.0M
Valuation cap
TransitNet SAFE 1
TRANSITNET Future Equity SAFE 2
A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.
Fundraising history
Raised — / $5MValuation cap $16M
Raised $1.9M / $1.1MInvestors 2,121Valuation cap $6M
Reg CF annual-report compliance
Not requiredFiled Form C-TR (terminated reporting)
Filed 5 of 6 annual reports (FY2020–FY2025)
2,121 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
View all 10 filings on EDGARSource: ManualCIK 0001830411Share price $1.00
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.