Heroclip

BETA

Multi-functional lifestyle products that help users do more in their lives

Analytics

Raised to Date: $179,450

Aggregate Commitments $
Platform

SeedInvest

Start Date

07/20/2020

Close Date

09/18/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$4,750,000

Weekly Commitments $
Status
Funded
Reporting Date

09/16/2020

Days Remaining
Funded
% of Min. Goal

718%

% of Max. Goal

17%

Likelihood of Max
Funded
Avg. Daily Raise

$2,991

Momentum
Funded
Location

Seattle, WA

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Heroclip, with a pre-money valuation of $4.75 million, is raising crowdfunding on SeedInvest. The company makes multi-functional lifestyle products that help in organizing people’s gear and make it easily accessible. The flagship product of Heroclip has a patented 360-degree swivel system that is easy to access and can be used to hook or clip things to almost anything. Heroclip was founded by Mina Yoo in 2015 and has raised over $500,000 in its pre-seed round of funding. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000. The proceeds will be used for sales, marketing, and new product launch. Heroclip generated revenues of over $2 million in 2019, with unit sales growth of 18% from 2018.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$2,022,457

$1,904,395

COGS

$711,561

$1,090,485

Tax

$0

$0

 

 

Net Income

$-399,998

$-1,190,620

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$281,983

$85,455

Accounts Receivable

$142,588

$163,177

Total Assets

$879,083

$837,827

Short-Term Debt

$1,030,369

$699,889

Long-Term Debt

$0

$0

Total Liabilities

$1,030,369

$699,889

Ratings

last updated 09/16/2020

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