# Treads App

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/treads-app

- Industry: Semiconductors
- Headquarters: Park City, US
- Website: www.treads.app/
- Total disclosed funding: $4.5M
- Latest round: Seed (Oct 19, 2023)
- Investors on record: 5

## About

Based in Utah, US, and founded in 2023 by Chief Executive Officer Zach Olson, Treads App, LLC operates as an artificial intelligence-based platform that offers car management subscriptions for vehicle tires and maintenance. In August 2023, Treads App, LLC raised USD 4.5 million in seed funding led by Mucker Capital, with participation from Convoi Ventures, Kickstart Capital, Peak Venture Partners, and Royal Street Ventures.

Treads App, LLC developed a mobile application platform, that allows users to tire coverage for new tires including new tire replacements, tire repairs, full roadside assistance, and even mobile tire installations. The company offers vehicle maintenance through its all-in-one subscription mobile app that offers subscriptions on tire replacement, wheel alignment, oil changes, and wiper blades. As of 2023, the firm provides a mobile application platform for Android and iOS smartphone users.

The company generates revenue based on a subscription-based model and charges USD 30 monthly per person. The firm charges USD 40 monthly per person for the standard and USD 60 monthly per person for the premium pack. Treads App, LLC, provides USD 80 per month for performance.

The company plans to use the funding from August 2023 to support Treads' expansion into 16 additional cities in the U.S., making Treads available in 34 cities by the end of 2023.

## Funding rounds

- Seed, Oct 19, 2023, $0M — Kickstart, Mucker Capital, Royal Street Ventures, Peak Venture Partners, Convoi Ventures
- Seed, Aug 15, 2023, $4.5M — Kickstart, Mucker Capital, Royal Street Ventures, Peak Venture Partners, Convoi Ventures

## Investors

- Kickstart (https://capitalatlas.ai/funds/kickstart) — Seed
- Mucker Capital (https://capitalatlas.ai/funds/mucker-capital) — Seed
- Royal Street Ventures (https://capitalatlas.ai/funds/royal-street-ventures) — Seed
- Peak Venture Partners — Seed
- Convoi Ventures (https://capitalatlas.ai/funds/convoi-ventures) — Seed