Heroclip
Growth Stage
Multi-functional lifestyle products that help users do more in their lives
Overview
$177,105 - RegCF
$1,664,606 - Total
$1,664,606 - Total
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,952
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2015
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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 |
Financials as of: 07/19/2020
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.