StarWalker Industries
Early Stage
We're building a bottled water plant with a paid bottle return recycling center
Overview
Raised: $195,695
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/09/2021
Close Date
09/06/2021
Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Convertible Note
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$25,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,645
# of Investors
498
Momentum
Funded
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Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
StarWalker Industries, with a $25 million valuation cap, is raising crowdfunding on Wefunder. The company runs a bottled water plant along with a paid bottle return recycling center. It sells bottled water and also helps the environment by recycling used water bottles. David Walker founded StarWalker Industries in 2014. The current crowdfunding round has a minimum goal of $100,000 and a maximum goal of $1,070,000. The raise proceeds will target marketing, advertising, trade shows, public relations, operations, real estate downpayment, and architect engagement. StarWalker Industries produces 32 million 3-liter water bottles at a gross margin of 80 cents per bottle.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$235,383 |
$278,957 |
|
COGS |
$157,431 |
$233,298 |
|
Tax |
$30 |
$0 |
| ||
| ||
|
Net Income |
$-33,521 |
$-26,316 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,617 |
$0 |
|
Accounts Receivable |
$1,457 |
$11,485 |
|
Total Assets |
$67,706 |
$33,332 |
|
Short-Term Debt |
$208,631 |
$160,736 |
|
Long-Term Debt |
$20,000 |
$0 |
|
Total Liabilities |
$228,631 |
$160,736 |
Financials as of: 05/09/2021
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