Solgaard
Innovative and sustainably designed gear
Analytics
Raised to Date: $452,855
Aggregate Commitments $
StartEngine
09/22/2020
03/22/2021
$10,000
$1,070,000
$300
Equity - Common
RegCF
Seed
$24,169,351
Weekly Commitments $
Active
01/24/2021
54
4,529%
42%
$3,652
481
New York, New York
Consumer Products, Goods & Services
Non-Tech
B2B/B2C
Medium
High
Solgaard, with a pre-money valuation of $24.2 million, is raising funds on StartEngine. The company makes innovative travel and lifestyle gear by upcycling ocean plastic into its proprietary fabric, Shore-Tex. The products of Solgaard cater to the travel, work, and home needs of modern customers looking for sustainability. Adrian Solgaard and Chris Cavill founded Solgaard in 2012. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the proceeds will be used to diversify the product offering, activate new marketing tactics, grow the inventory, and develop new materials. Solgaard has been awarded Time Magazines’ Best Inventions 2018 and FastCompany’s World-Changing Ideas 2020. The company tripled its sales from 2018 to 2019 and achieved a 465% e-commerce growth from 2019 to YTD 2020.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,981,927 |
$1,078,193 |
|
COGS |
$1,374,046 |
$716,555 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-475,002 |
$-181,457 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$390,224 |
$35,398 |
|
Accounts Receivable |
$324,540 |
$76,667 |
|
Total Assets |
$1,164,756 |
$209,461 |
|
Short-Term Debt |
$451,406 |
$268,245 |
|
Long-Term Debt |
$1,397,136 |
$0 |
|
Total Liabilities |
$1,848,542 |
$418,245 |
Ratings
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Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.
For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.Other Deals
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