ALFADAN

Deal To Watch
BETA

Re-defining the outboard engine

Analytics

Raised to Date: $1,069,831

Aggregate Commitments $
Platform

StartEngine

Start Date

05/11/2020

Close Date

11/04/2020

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$15,000,000

Weekly Commitments $
Status

Active

Reporting Date

10/28/2020

Days Remaining

5

% of Min. Goal

10,698%

% of Max. Goal

100%

Likelihood of Max
Avg. Daily Raise

$6,293

# of Investors

1,692

Momentum
Location

Miramar, FL

Industry

Industrial Services

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

High Growth

ALFADAN, with a $15 million pre-money valuation, is raising crowdfunding on StartEngine. The company is redefining the outboard engine through its marine-specific design. The proprietary design of ALFADAN creates engines with 50% more horsepower, 50% less moving parts, and less weight, compared to the traditional engines. ALFADAN was founded by Alberto Araujo in 2017. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $1,070,000, and the funds will be used to introduce new products, increase brand awareness, and increase the market share. ALFADAN is led by an experienced team creating a paradigm-shifting product. The ALFADAN engines have better performance, low cost, and less fuel consumption compared to the old designs.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$25,000

$199,229

COGS

$17,168

$14,593

Tax

$0

$12,038

 

 

Net Income

$-35,164

$29,561

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$611

$42,141

Accounts Receivable

$0

$0

Total Assets

$24,516

$75,034

Short-Term Debt

$138

$15,491

Long-Term Debt

$0

$0

Total Liabilities

$138

$15,491

Ratings

last updated 10/29/2020

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Analyst Report

Deal To Watch
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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