A Band of Anglers
Early Stage
Fishing Lures
Analytics
Raised: $260,653
Aggregate Commitments $
Platform
StartEngine
Start Date
01/19/2022
Close Date
08/16/2022
Min. Goal
$10,000
Max. Goal
$1,069,000
Min. Investment
$200
Security Type
Equity - Common
Funding Type
RegCF
Series
Seed
Price Per Share
$5.00
Pre-Money Valuation
$7,790,000
Rolling Commitments $
Status
Active
Reporting Date
06/25/2022
Days Remaining
52
% of Min. Goal
2,607%
% of Max. Goal
24%
Likelihood of Max
Avg. Daily Raise
$1,660
Momentum
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Location
Winter Haven, Florida
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
A Band of Anglers, with a valuation of $7.79 million, is raising funds on StartEngine. The company designs and sells innovative fishing lures and tackle to catch bigger and more fish. The business uses its patent-pending technology to improve the durability, performance, and swim action of the lures. A Band of Anglers sells through top-tier retail distributors and big boxes and has generated $2.3 million in cumulative revenues. Patrick Sebile founded A Band of Anglers in August 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,000. The campaign proceeds will be used for national expansion through B2B and D2C sales and international expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$848,780 |
$635,009 |
|
COGS |
$393,286 |
$374,339 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-625,704 |
$-1,311,700 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$17,654 |
$51,249 |
|
Accounts Receivable |
$28,305 |
$174,374 |
|
Total Assets |
$622,957 |
$833,079 |
|
Short-Term Debt |
$1,301,894 |
$886,312 |
|
Long-Term Debt |
$1,860,000 |
$1,860,000 |
|
Total Liabilities |
$3,161,894 |
$2,746,312 |
Financials as of: 01/19/2022
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