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This isn’t TransitNet’s most recent raise. Section 4(a)(2) · SAFE · Oct 2022 (Closed) is more current.View latest round
TransitNet

Reg CF · SAFE · Jun 2022

ClosedReached targetReg CFSAFE
via WeFunderView campaign
Raised
$654.8K / $5M max
13% of ceiling · target hit day 66
Investors
565
$1.2K avg
Valuation cap
$16M
cap, not an agreed valuation

Raised over time

Cumulative raisedInvestors
$655K$327K$0
5652830
Jun 13, 2022 · openedNov 22, 2022 · last reading
Target ($50K) hit — Aug 18, 2022, day 66Deadline Apr 30, 2023 — 159 days out

Left axis: cumulative dollars raised. Right axis: cumulative investors. Live figures via WeFunder; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2020–FY2021 · hover for source
$0
−$30K
FY2020
$10K
−$975K
FY2021
RevenueNet income
Metric
FY2020
FY2021 unaudited
Income statement
Revenue
$0
$9,797
Cost of goods sold
$36,988
$0
Gross margin
—
100%
Net income
-$30,238
-$975,340
Taxes paid
$0
$0
Balance sheet
Cash
$5,000
$1,295,202
Accounts receivable
$0
$1,089
Total assets
$55,000
$1,335,202
Short-term debt
$35,238
$162,677
Long-term debt
$0
$0
Total liabilities
$35,238
$162,677
Other
Headcount
0
2

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Amendments to this offering

1 amendment
  1. Nov 3, 2022
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗

Each line compares the amendment with the previous filing of this offering. The quoted reason is the issuer’s own statement from the Form C/A.

Deal terms

Valuation cap$16M ($12.5M early bird)

Perks

First $500K will invest in a SAFE with a $12.5M valuation cap and 10% discountfirst $500K

Offering details

Target$50,000
Max$5,000,000
Min investment$250
OpenedJun 13, 2022
DeadlineApr 30, 2023
ClosedApr 30, 2023
Days active321

Links & provenance

Campaign pageSEC filing
Source: Manual
0001670254-22-000655

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. 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.