Crowdonomics
All companies
TurboPass Corporation logo

TurboPass Corporation

Operating

Founded 2018

Visit website

Paperless and instant way to verify income when buying a car

Post-money valuation ⓘ
$20.1M
As of Jun 2023 · from TurboPass Corporation Series Seed-1 Preferred Stock 2 · pre-money + amount raised, not a traded price
Total raised
$112,126
Across 2 rounds since 2019
Latest share price
$1.01
TurboPass Corporation Series Seed-1 Preferred Stock 2 offering price

Financials

FY2017–FY2022 (no data for FY2020) · from SEC filings · hover any figure for its source
$0
2017
$17K
−$36K
2018
$48K
−$221K
2019
2020no data
$1.4M
−$144K
2021
$2.3M
−$530K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2017
FY2018
FY2019
FY2021
FY2022
Income statement
Revenue
$0
$17,100
$47,765
$1,404,889
$2,257,591
Cost of goods sold
$0
$17,000
$33,000
$401,591
$593,719
Gross margin
—
1%
31%
71%
74%
Net income
$0
-$35,912
-$220,508
-$144,105
-$530,114
Taxes paid
$0
$0
$6,820
$0
$0
Balance sheet
Cash
$0
$24,791
$1,254
$186,098
$1,403,657
Accounts receivable
$0
$0
$618
$6,268
$35,727
Total assets
$0
$24,791
$1,254
$306,650
$1,567,140
Short-term debt
$0
$10,970
$44,599
$0
$17,350
Long-term debt
$0
$0
$225,618
$0
$0
Total liabilities
$0
$10,970
$270,217
$0
$17,350
Other
Headcount
—
2
2
—
2

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
$5.0M
Valuation cap
$20.1M
post-money
Reg CF Offering (2019)
TurboPass Corporation Series Seed-1 Preferred Stock 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

TurboPass Corporation Series Seed-1 Preferred Stock 2WithdrawnReg CF · Preferred Equity · via StartEngine
Raised $31.5K / $1.2MInvestors 24Post-money $20.1M
Reg CF Offering (2019)ClosedReg CF · Convertible Note · via WeFunder
Raised $80.6K / $1.1MInvestors 160Valuation cap $5M

Team

7 people
Mike Jarman
CEO
Ken Jarman
COO
Lou Loquasto
Chief Revenue Officer
Zahid Kassem
Chief Product Officer
Jude Samson
Board Member
Mark Vasquez
Board Member
Tyler Lackey
Board Member

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 1 of 7 annual reports (FY2019–FY2025)

160 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 CJun 2, 20230001665160-23-001338
    EDGAR
  • Form C-ARJun 12, 20200001670254-20-000513
    EDGAR
  • Form CSep 26, 20190001670254-19-000547
    EDGAR
  • Form DSep 24, 20190001789145-19-000002
    EDGAR
Source: ManualCIK 0001789145Share price $1.01

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.