AmmoSquared
Early Stage
We simplify ammunition ownership by making it DIGITAL
Overview
Raised: $305,531
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/01/2019
Close Date
03/20/2020
Min. Goal
$100,000
Max. Goal
$1,069,999
Min. Investment
$100
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.38
Pre-Money Valuation
$4,490,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,803
# of Investors
651
Momentum
Funded
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Year Founded
2019
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
AmmoSquared, with a pre-money valuation of $4.49 million, is raising funds on WeFunder. The company is simplifying the ownership of ammunition by digitalizing it. AmmoSquared allows users to select their budget and caliber for the ammunition, make changes to the selection, receive deliveries, store, and exchange ammunition, all online. AmmoSquared was founded by Dan Morton, Danielle Morton, and Chris Corriveau in 2013. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $1,069,999, will be used toward technology, business operations, and marketing. AmmoSquared has already shipped more than 40 tons of ammunition to over 4,500 customers across the country, with over $40,000 of monthly recurring revenue.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$61,265 |
$0 |
|
COGS |
$51,277 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-12,365 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$13,988 |
$0 |
|
Accounts Receivable |
$38 |
$0 |
|
Total Assets |
$180,504 |
$0 |
|
Short-Term Debt |
$192,544 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$192,544 |
$0 |
Financials as of: 12/01/2019
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