GoSun

Use More Sun

Analytics

Raised to Date: $335,841

Aggregate Commitments $
Platform

StartEngine

Start Date

04/21/2021

Close Date

10/18/2021

Min. Goal

$10,000

Max. Goal

$3,930,000

Min. Investment

$250

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$59,891,925

Rolling Commitments $
Status

Active

Reporting Date

05/12/2021

Days Remaining

156

% of Min. Goal

3,358%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$15,992

# of Investors

328

Momentum
warm
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Location

Cincinnati, Ohio

Industry

Consumer Products, Goods & Services

Tech Sector

Foodtech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

GoSun, with a pre-money valuation of $59.1 million, is raising funds on StartEngine. The company uses solar technologies to create efficient products for cooking, cooling, lighting, and charging electronics using solar energy. The GoSun products support independence and non-reliance on non-renewable sources of energy, which helps to create a healthier and more sustainable environment. GoSun was founded by Patrick Sherwin in 2016. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $3,930,000, will be used for product expansion. GoSun has already sold more than 100,000 products in 70 countries and generated $3.9 million in revenues in 2020. The company has partnered with companies like Home Depot and Ace Hardware for recreational sales and with bodies like the UN and Red Cross for humanitarian sales.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$3,925,165

$1,869,934

COGS

$1,973,993

$1,020,785

Tax

$0

$0

 

 

Net Income

$2,783

$-251,950

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,233,581

$699,115

Accounts Receivable

$39,646

$101,997

Total Assets

$2,485,882

$1,415,124

Short-Term Debt

$841,927

$718,545

Long-Term Debt

$562,701

$485,142

Total Liabilities

$1,404,628

$1,203,687

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Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
10/18/2021 StartEngine $59,891,925 $335,841 Equity - Preferred Active RegCF
07/14/2020 StartEngine $14,029,817 $1,069,999 Equity - Common Confirmed Closed RegCF
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