Adv3nture (2022)

Adv3nture (2022)

About this raise

Adv3nture, with a valuation of $18.8 million, is raising funds on StartEngine. The company manufactures innovative outdoor apparel and backpacks for people involved in adventure and exploration. Adv3nture also offers curated excursions that provide life-changing experiences. Adv3nture is backed by an experienced and passionate team, and its revenue grew by 700% in 2020 compared to 2019. Zane Lamprey and Melissa Lamprey founded Adv3nture in 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $535,000. The campaign proceeds will be used for launching new products and expand to new locations.

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Investment Overview

Invested this round: $325,450

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
10/01/2021
Close Date
03/29/2022
Min. Goal
$10,000
Max Goal
$535,000
Min. Investment

$200

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.00

Pre-Money Valuation

$18,779,248

Company & Team

Company

Year Founded
2019
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Beverly Hills, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Zane Lamprey
Title
CEO
Founder Name
Melissa Lamprey
Title
Director & Co-founder

Financials

 Revenue +639% YoY
$1,020,703
 Monthly Burn
Profitable
 Cash on Hand
$76
Gross Margin
50%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,020,703

$138,089

COGS

$512,953

$345,289

Tax

$0

$0

 

 

Net Income

$102,122

$-305,451

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$76

$6,296

Accounts Receivable

$48,148

$46,747

Total Assets

$794,133

$594,802

Short-Term Debt

$206,456

$183,551

Long-Term Debt

$0

$0

Total Liabilities

$206,456

$183,551

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/29/2022 StartEngine $18,779,248 $325,450 Equity - Common Funded RegCF
12/21/2019 StartEngine $8,930,000 $539,050 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Adv3nture on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $18,779,248
Price per Share: $4.00

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