The OLLO Group

Neutral
BETA

High-performance sneakers

Analytics

Raised to Date: $64,962

Aggregate Commitments $
Platform

StartEngine

Start Date

11/26/2020

Close Date

04/30/2021

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$270

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$4,500,000

Weekly Commitments $
Status

Active

Reporting Date

02/24/2021

Days Remaining

63

% of Min. Goal

650%

% of Max. Goal

6%

Likelihood of Max
Avg. Daily Raise

$722

# of Investors

103

Momentum
Location

Torrance, California

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

The OLLO Group, with a pre-money valuation of $4.5 million, is raising funds on StartEngine. The company manufactures high-performance footwear for athletes. The shoes of The OLLO Group offer strong grip and function well in highly demanding environments. William Howes founded The OLLO Group in 2012. The current crowdfunding campaign, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used to solidify the company’s position, expand the market share, and increase revenue. The OLLO Group is led by an experienced team and has built a strong foundation in the past eight years. It has over 20,000 loyal customers and plans to grow further with its unique business model.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$157,709

$194,439

COGS

$137,385

$114,924

Tax

$0

$0

 

 

Net Income

$-7,545

$-8,589

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$3,738

$15,428

Accounts Receivable

$0

$0

Total Assets

$53,502

$51,822

Short-Term Debt

$8,689

$8,334

Long-Term Debt

$0

$0

Total Liabilities

$8,689

$8,334

Ratings

last updated 02/25/2021

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