Ciari Guitars
Early Stage
Revolutionary, patented music-tech enabling stress-free guitar mobility
Overview
Raised: $1,534,237
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/31/2021
Close Date
04/30/2021
Min. Goal
$100,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$4,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$17,435
# of Investors
362
Momentum
Funded
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Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Ciari Guitars, with a valuation cap of $4.5 million, is raising funds on Wefunder. The company makes and sells the revolutionary folding travel guitar, Ascender. The guitar has a patented folding system that makes it convenient for storage and transportation. It again unfolds easily when needed and is ready to rock. Jonathan Spangler founded Ciari Guitars in 2016 and has raised over $2 million since the inception. The current round of crowdfunding has a minimum goal of $100,000 and a maximum goal of $1,000,000, and the proceeds will be used for product development, marketing, debt repayment, and hiring. Ciari Guitars solves the guitar mobility problem with its patented design. It was awarded by Forbes as the most convenient guitar in the world.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$1,250 |
$1,300 |
| ||
| ||
|
Net Income |
$-635,081 |
$-323,057 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$134,150 |
$6,005 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$237,741 |
$43,171 |
|
Short-Term Debt |
$122,651 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$122,651 |
$0 |
Financials as of: 01/31/2021
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