Octivity Fitness Collective
Early Stage
Subscription-based health and wellness solution
Overview
Raised: $46,166
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/15/2021
Close Date
01/11/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$5.00
Early Bird Valuation
$5,014,765
Pre-Money Valuation
$5,278,700
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$153
# of Investors
26
Momentum
Funded
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Year Founded
2020
Industry
Fitness & Wellness
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Octivity Fitness Collective, with a pre-money valuation of $5.2 million, is raising funds on StartEngine. The company offers virtual fitness guidance to individuals through its subscription-based health and wellness solution. The offerings include access to functional fitness, innovative cooking, and informative lifestyle videos. Ron L. Wilson, II founded Octivity Fitness Collective in August 2020. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000, and the proceeds will be used to expand the membership base and grow. Octivity Fitness Collective has already filmed a 28-day track of fitness videos and is in the process of filming cooking segments.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-55,815 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$30,036 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$32,396 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/15/2021
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