Deep End Fitness

Underwater sport and fitness training, created by Ex-Special Operations Marines

Analytics

Raised to Date: $87,255

Aggregate Commitments $
Platform

Wefunder

Start Date

12/07/2020

Close Date

03/11/2021

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$3,000,000

Discount Rate

25%

Rolling Commitments $
Status
Funded
Reporting Date

03/31/2021

Days Remaining
Funded
% of Min. Goal

175%

% of Max. Goal

8%

Likelihood of Max
Funded
Avg. Daily Raise

$928

# of Investors

141

Momentum
Funded
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Location

San Marcos, California

Industry

Fitness & Wellness

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Life Style

Deep End Fitness, with a $3 million valuation cap, is raising funds on Wefunder. The company provides training for water events and aquatic team sports. The training program is created by former US Special Operations Marines, currently training Olympians, NFL players, and UFC fighters. Prime Hall and Don Tran founded Deep End Fitness in March 2020 and have raised over $560,000 since its inception. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $1,070,000, and the funds will be used towards Underwater Torpedo League (UTL) products, national expansion, hiring, and marketing. Deep End Fitness has trained top athletes across the world and includes 307 athletes and 52 certified instructors.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$43,465

$34,100

COGS

$3,163

$1,746

Tax

$0

$0

 

 

Net Income

$-260,758

$-73,915

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$16,031

$1,707

Accounts Receivable

$0

$0

Total Assets

$38,503

$17,716

Short-Term Debt

$6,650

$0

Long-Term Debt

$204,873

$0

Total Liabilities

$211,523

$0

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