ClimateCase
Early Stage
Prevent Your Phone From Freezing and Overheating
Overview
Raised: $0
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/01/2020
Close Date
04/29/2020
Min. Goal
$10,000
Max. Goal
$107,000
Min. Investment
$298
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.50
Pre-Money Valuation
$2,500,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/29/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2015
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
ClimateCase, with a pre-money valuation of $2.5 million, is raising funds on StartEngine. The product of ClimateCase has an eight-layer cooling and heating system that prevents smartphones from freezing or overheating. ClimateCase regulates the phone’s temperature and is made of nylon, neoprene, and gel technology. ClimateCase is led by Lisa Lambert, Larry Monte, and Joseph Orlando. The current round of crowdfunding of the company has a minimum raise of $10,000 and a maximum raise of $107,000, and the proceeds will be used to increase sales, redesign the original product through research and development, and to create an app to alert users to use ClimateCase. The product of ClimateCase has been featured on Oprah and used by the US Winter Olympics team. The product has a strong profit margin of 888% and a return rate of less than 1%.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$413,527 |
$9,679 |
|
COGS |
$308,132 |
$12,478 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$28,539 |
$-54,524 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$36,977 |
$3,497 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$49,104 |
$7,512 |
|
Short-Term Debt |
$0 |
$16 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$16 |
Financials as of: 03/01/2020
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