ElliptiGO on StartEngine

Elliptical and Stand-Up Bicycles

Raise to date: $565,341

Reporting Date: 03/31/2020

Key Stats

Minimum Raise

$9,996

Maximum Raise

$1,069,999

Likelihood of Max Unlikely
Start Date

01/10/2020

Stop Date

03/05/2020

Days Remaining

Closed

Security Type

Equity

Investment Minimum

$700

Deal Type

No Review


Investment Summary

Status

Confirmed Closed

# of Investors

305

% of Minimum Raised

5,656%

% of Maximum Raised

53%

Dollars Per Day to Reach Max

N/A

DPD* Committed

$10,279

DPD* Category

$0

DPD* All Companies

$1,153

Kingscrowd Momentum

$565,341

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

ElliptiGo, with a pre-money valuation of $34.1 million, is raising crowdfunding on StartEngine. The company manufactures and sells elliptical and stand-up bicycles for outdoor fitness and recreation. ElliptiGo bikes provide comfortable, low-impact, and full-body workout in a fun manner, and burn 33% more calories than traditional bikes. ElliptiGo was founded by Bryan Pate and Brent Teal in 2005 and has raised more than $9 million since its inception. The proceeds of the current round of crowdfunding, with a minimum raise of $10,000 and a maximum raise of $1,070,000, will be used for marketing and new product development. ElliptiGo has already sold more than 28,000 ElliptiGos and generated over $45 million in revenue.

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