Golfkicks

Transform sneakers into golf shoes

Analytics

Raised to Date: $56,675

Aggregate Commitments $
Platform

Republic

Start Date

04/30/2021

Close Date

09/15/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$12,000,000

Discount Rate

0%

Rolling Commitments $
Status

Active

Reporting Date

05/12/2021

Days Remaining

123

% of Min. Goal

227%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,723

# of Investors

71

Momentum
warm
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Location

Denver, Colorado

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Golfkicks, with a valuation cap of $12 million, is raising funds on Republic. The company makes addable spikes that can turn any sneakers into golf shoes. The DIY spikes can be mounted to the soles of almost any sneakers to play golf in comfort and style. Tyler Stuart, John Krosky, and Matt Mockus founded Golfkicks in October 2020. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the funds will be used to expand globally, launch new partnerships, and meet demands in new markets. Golfkicks has generated $1.09 million in TTM revenues with a gross margin of 55%. The product is the number one bestseller on Amazon, with over 25,000 customers.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$909,155

$358,160

COGS

$404,993

$190,650

Tax

$0

$0

 

 

Net Income

$-23,924

$-135,628

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$135,391

$59,208

Accounts Receivable

$1,274

$689

Total Assets

$313,311

$59,897

Short-Term Debt

$104,984

$408,539

Long-Term Debt

$78,729

$0

Total Liabilities

$183,713

$408,539

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