Mobot
Early Stage
Foam Roller Water Bottle
Overview
Raised: $106,078
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/13/2020
Close Date
04/30/2021
Min. Goal
$10,000
Max. Goal
$1,069,999
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.45
Pre-Money Valuation
$6,495,257
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$774
# of Investors
159
Momentum
Funded
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Year Founded
2014
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Mobot, with a pre-money valuation of $6.5 million, is raising funds on StartEngine. It is a fitness and lifestyle brand that makes innovative and sustainable products. The company has combined a foam roller and water bottle to create its unique and patented foam roller water bottle. Lani Cooper founded Mobot in 2012. The current round of crowdfunding has a minimum target of $9,999.90 and a maximum target of $1,069,999.20, and the funds will be used for expanding market share, launching new product lines, and growing the direct-to-customer platform. Mobot products are available at many major retailers, including Nordstrom, and have been featured by People Magazine, Forbes, VOGUE, and other leading publications.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$875,725 |
$471,605 |
|
COGS |
$429,806 |
$217,427 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-614,009 |
$-176,085 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$196,238 |
$152,653 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$196,238 |
$152,653 |
|
Short-Term Debt |
$216,385 |
$158,791 |
|
Long-Term Debt |
$600,000 |
$0 |
|
Total Liabilities |
$816,385 |
$158,791 |
Financials as of: 12/13/2020
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