# Home stretch - final close no later than 11/20/21 | CarLocity

- Canonical URL: https://wefunder.com/feed/147002
- Entity ID: wefunder:feed_item:147002
- Published at: 2021-09-17 19:08:26 UTC
- Updated at: 2025-07-09 03:20:34 UTC

## Author
Peter Difilippantonio

## Subject
CarLocity

## Content
Hello All!&nbsp;&nbsp;We closed on our first tranche of money on 7/31.&nbsp;Since then, we've made a lot of progress in a number of areas - Marketing/PR, Legal, Accounting - and have also made significant progress in the sales/operations side of this business.Here are a few:Added workflow automations to smooth the Buyer and Dealer journeysAdded SMS functionality so that Buyers and Dealers now receive Deal Requests and Deal Sheet notifications instantly on their phonesCompleted our site upgrade and host migrationGrown to 10 dealerships/14 brands using CarLocityAs we move forward, we have aggressive goals to add Dealerships on subscription. At the same time, we are also working to refine the engagement & sales process on the Buyer side so, when we add Dealerships, we are adding great value for them.As the topic of the post suggests, we are now in the home stretch of our RegCF here on Wefunder.&nbsp;We have only about $24k left in our Early Bird terms, but we do have the additional $100k open beyond that.&nbsp;The valuation cap of $5M on the follow-on $100k is still very reasonable for a business at our stage and potential for scale.Per Wefunder's rules, we must close out our campaign on or before 11/20/2021.&nbsp;If you are thinking of investing, adding to your investment, or referring others to invest, now is the time.&nbsp;&nbsp;I'd recommend having all investments made no later than 11/1/2021 so that we can have a smooth closing.Thank you again to all who have gotten us to this point!Peter D.ETA: We filled out our $150k Early Bird terms!&nbsp; Less than $100k left to max out the round!&nbsp;&nbsp;