Ship It Pro offering is now closed and is no longer accepting investments.
INVEST IN SHIP IT PRO TODAY!
AI-Powered Shipment Damage Prevention
$115,279.18 Raised
REASONS TO INVEST
Unlike other companies simply selling more dunnage (blocking and bracing products – also known within the industry as dunnage), our AI and data-driven technology identifies the core causes of damage and helps implement solutions.
Ship It Pro analysts estimate freight claims and cargo damage is a $240 billion problem globally.*
Our team’s connections to the logistics space have already resulted in interest from multiple major shipping-reliant companies.
*Information from Conner Industries (Source)
OVERVIEW
Innovating Transportation Damage Management
At Ship It Pro, we aim to help shippers, receivers, carriers, insurers, industry associations, packaging engineers, and government agencies protect their shipments from damage. Our AI-powered technology helps customers make data-based decisions using a single API and responsive dashboard to reduce freight claims by preventing shipment damage before it occurs. With our innovative technology and experienced team, we believe we are well prepared to provide real solutions to the logistics space.
The Problem & our Solution
Using Smart Technology to Protect Shipments
Shipping-related damages cost companies approximately $240 billion each year (Source | Source | Source). Many of the current market solutions focus on selling customers large amounts of dunnage (blocking and bracing products). Rather than solving the root of the problem, the damage done to cargo during transit, these companies simply sell more dunnage.
*Images are computer-generated demo versions. Product is still currently under development.
Our dashboards are designed as a single pane of glass and provide data-driven insights and prescriptive recommendations to reduce cargo damage. Our Transportation Damage Management System (TDMS) will implement standard operating procedures that adhere to rules and regulations for all shipping and receiving docks, providing companies with real time feedback, continuous quality control, and ride quality analytics.
The Market & our traction
A Massive Market and Industry Enthusiasm for Our Product
Supply chain issues are a leading concern in the news today. We see our total attainable market as approximately $200 billion, encompassing the Insurtech and FreightTech segments (Source, Source). In phase two, we plan to expand into FinTech, RegTech, and Business Intelligence for an additional TAM of $300 billion (Source | Source).
*App is currently in development and not available on the market.
We have run a successful proof of concept trial, and we have filed a patent for our technology. Our newest leadership team members, CTO Chris Chiozza and Advisor Ken May, bring decades of experience and deep connections in the logistics space. We have received enthusiastic responses from multiple major companies, including Milwaukee, Singer, Norfolk Southern, Favley Marine Insurance, Kellogg, J.B. Hunt, and more.
why invest
Changing the Way We Protect Shipments
*App is currently in development and not available on the market.
We plan to initially market to cargo insurance companies to set a new standard for shipment safety for the many companies who will benefit from our product. With our patented technology, enthusiastic partnerships, and experienced leadership, we are perfectly positioned to deliver a niche, essential impact on the supply chain. Join us as we secure shipment safety in the massive multi-billion dollar FreightTech and InsurTech markets.
ABOUT
HEADQUARTERS
1521 Estacada Way
Cordova, TN 38018
WEBSITE
View Site
Ship It Pro is developing technology that uses AI and data analysis to reduce the risk of cargo damage before it happens. We are revolutionizing the FreightTech and InsurTech spaces, which amounts to a $240 billion market. With our team’s experience and connections in the logistics space, our patent-pending technology, and interest from major companies, we are ready to move towards beta testing and launching our product to market.
TEAM
Wesley Montague
Founder/ Chief Executive Officer / Manager
Dan Barker
COO / Manager
Chris Chiozza
Chief Technology Officer / Strategic Advisor
Cas Milner
Strategic Advisor
Ken May
Strategic Advisor
Christopher Bonanti
Strategic Advisor
David Beck
Strategic Advisor
TERMS
Ship It Pro
Overview
PRICE PER SHARE
$0.54
DEADLINE
Jan 28, 2023
VALUATION
$4.01M
AMOUNT RAISED
$115,279.18
Breakdown
MIN INVESTMENT
$399.60
MAX INVESTMENT
$1,234,999.98
MIN NUMBER OF SHARES OFFERED
18,517
OFFERING TYPE
Equity
ASSET TYPE
SHARES OFFERED
Class C Nonvoting Units
MAX NUMBER OF SHARES OFFERED
2,287,037
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Ship It Pro LLC |
Corporate Address | : | 1521 Estacada Way, Cordova, TN 38018 |
Offering Minimum | : | $9,999.91 |
Offering Maximum | : | $1,234,999.98 |
Minimum Investment Amount(per investor) | : | $399.60 |
Terms
Offering Type | : | Equity |
Security Name | : | Class C Nonvoting Units |
Minimum Number of Shares Offered | : | 18,518 |
Maximum Number of Shares Offered | : | 2,287,037 |
Price per Share | : | $0.54 |
Pre-Money Valuation | : | $4,012,326.36 |
*Maximum Number of Units Offered subject to adjustment for bonus units. See Bonus info below.
Investment Incentives and Bonuses*
Time-Based:
Friends and Family Early Birds
Invest within the first 72 hours and receive 20% bonus units.
Super Early Bird Bonus
Invest within the first week and receive 15% bonus units.
Early Bird Bonus
Invest within the first three weeks and receive 10% bonus units.
Amount-Based:
$500 + | Tier 1
Receive 2% Bonus units.
$1,000+ | Tier 2
Receive 5% Bonus units
$5,000 + | Tier 3
Receive 10 % Bonus units.
$10,000+ | Tier 4
Receive 15% Bonus units.
$20,000+ | Tier 5
Receive 20% Bonus units + Private zoom call with Chief Executive and/or Chief Operating Officer.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners’ Bonus
Ship It Pro will offer 10% additional bonus units for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. Owner’s bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any units they purchase in this offering. For example, if you buy 100 Class C Nonvoting Units at $.54 per unit, you will receive 110 Class C Nonvoting Units, meaning you’ll own 110 units for $54. Fractional units will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investor eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Any expense labeled “Administrative Expenses” not strictly for administrative purposes. Salary payments made to one’s self, a friend or relative. Any expense labeled “Travel and Entertainment”. Vendor payments.
ALL UPDATES
02.09.23
Thank you for your support!
Dear Investors
On behalf of myself and the Ship It Pro team, I want to express my gratitude for your help and support during our fundraising campaign here on StartEngine. Your support means the world to me and I sincerely thank you all from the bottom of my heart.
Right before the launch of this campaign, Dan Barker and I compared our thoughts as to what a successful campaign would look like for Ship It Pro at this early stage of the game. We agreed that $50,000 - $75,000 would be a successful campaign after all the hard work and time we put into preparing for it.
Today I am proud to announce that due to the support of our friends, family and our new friends from the StartEngine investor network , we were able to bring in over $115,000! This is a very healthy seed for success right out of the gate.
Thank you for your trust, support and for coming along on our mission to reduce cargo damage and freight claims.
On another exciting note:
We had our official kickoff meeting this morning to commence development of our Transportation Damage Management System with our development partners at JumpGrowth.
We were introduced to all of the team members as well as their individual roles that will aid in the successful deployment of our system. I was blown away at the level of talent and understanding they presented.
I had the opportunity to address the entire team at JumpGrowth and share the vision of SIP. I truly believe we have the right people in place. They were able to reiterate and refine the objectives that I shared, and showed me a complete understanding of what we want to build and the need for our product. I am proud to be working with this group of talented individuals and excited to be working closely with them over the next few months and beyond.
I am looking forward to an exciting and successful 2023 for SIP and I wish all of you the same excitement and successes throughout this year.
Wesley Montague
Founder & CEO
Ship It Pro
Feel free to reach out to us anytime at Hello@ShipItPro.com with thoughts, feedback and questions. We will continue to keep you posted as the excitement builds.
01.11.23
Technology Partner Selection
Dear Investors,
We are excited to announce that JumpGrowth, a leading technology company based in Allen, Texas, has been selected as our technology partner to help us launch our minimum viable product (MVP).
JumpGrowth will be using Flutter, a powerful open-source development platform, to bring our MVP to both web and mobile platforms.
This choice gives Ship It Pro the flexibility to leverage other industry standard technologies and "plug in" as we uncover other customer needs, whether they be industry requirements or internal process improvements. Other companies that have successfully used Flutter include BMW, CrowdSource, eBay, Alibaba, and iRobot.
We believe that JumpGrowth is the perfect partner to help us bring our MVP to life, and we are excited to begin working with their team. We are confident in our choice of Flutter and the ability to exploit API's available from inside Flutter to external vendors.
We will keep you updated on our progress as we move forward with this exciting project.
Sincerely,
Chris Chiozza
CTO
Ship It Pro
12.20.22
Patent Update
Dear investors,
We are pleased to announce that our patent application for Transportation Damage Management System has received favorable review by the USPTO. This is a significant milestone for our company and a testament to the innovation and hard work of our team.
The future approval of this patent will allow us to transform an industry and reduce cargo damage and freight claims. It will also provide us with strong intellectual property protection, which will help us to defend our technology against potential competitors.
We believe that this patent approval is a major step forward for our company and will help to position us for long-term success in the logistics industry. We are excited about the opportunities that this will bring and look forward to updating you on our progress in the coming months.
Thank you for your continued support.
Sincerely,
Wes Montague
12.07.22
WE ARE ON OUR WAY and WE THANK YOU FOR YOUR SUPPORT
Ladies and Gentlemen, we’ve had an incredible start to our capital raise, and WE ARE JUST GETTING STARTED!
I want to give a heartfelt thank you to everyone who invested during this first week. Your support means more than you will ever know. This early momentum is a springboard for great things to come.
Those that have not, or on the edge of investing, I invite you to JOIN US in reducing cargo damage, freight claims and financial risk. Ship It Pro COO, Dan Barker, will be hosting a brief presentation to share the vision of the organization and ask questions to better determine if an investment makes sense for you. Please reach out via email (hello@shipitpro.com) to be added to the list for an invite.
We have had some exciting developments and discussions over the last two weeks of potential partnerships with companies who are aware of the need and are excited for SIP solutions. We will continue to qualify each opportunity and dialogue with those that provide the most value to maximize your investment. Second, SIP CTO, Chris Chiozza, will meet with our development partner next week to begin development of our Transportation Damage Management System.
Last, I am very excited to share the news of our first partnership with SalesFlex, LLC of Memphis, TN.
“Please let this email serve as an enthusiastic letter of intent to work with Ship It Pro to serve ourselves and our clients. SalesFlex has engaged in talks of a partnership with our reverse logistics group based in Memphis, TN (SalesFlex, LLC) to align offerings with Ship It Pro. With consumer product returns and damaged cargo shipments being at an all-time high with no outlet for the returned items besides warehouses, secondary retailers, landfills or recycling centers it makes sense to examine the issues at the receiving docks and work backwards to find a way to prevent this from happening for customers. Shipment analytics, proper shipping and load techniques driven by technological solutions can make a true difference in a company’s bottom-line. The amount of damaged of returned items going to landfills has increased from 4 billion lbs. to almost 10 billion lbs. from 2016 to 2021. Providing customers with solutions with damage shipments is a critical component to increasing value and supply chain concerns. SalesFlex is excited to align with Ship It Pro.”
Kyle Zehring
SalesFlex, CEO
Wesley Montague
SHIP IT PRO
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
$399
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500
Tier 1
Receive 2% Bonus units.
$1,000
Tier 2
Receive 5% Bonus units
$5,000
Tier 3
Receive 10% Bonus units.
$10,000
Tier 4
Receive 15% Bonus units.
$20,000
Tier 5
Receive 20% Bonus units + Private zoom call with Chief Executive and/or Chief Operating Officer.
JOIN THE DISCUSSION
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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