AGOGIE

AGOGIE

Closed: Mar. 2023

About this raise

AGOGIE, with a valuation of $10.01 million, is raising funds on Startengine. AGOGIE combines athleisure and fitness equipment to help customers to make the most of their workout without sacrificing time. They have over 77k customers, over $10M in sales and a 220% revenue growth. Aaron J. Mottern founded AGOGIE in May 2016. The current crowdfunding campaign has a minimum target of $9,999.70 and a maximum target of $1,234,998.96. The campaign proceeds will be used for research and development, company employment, inventory and working capital.

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Investment Overview

Not Funded: $158

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
12/15/2022
Close Date
03/13/2023
Min. Goal
$10,000
Max Goal
$1,234,999
Min. Investment

$102

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.77

Pre-Money Valuation

$10,011,938

Company & Team

Company

Year Founded
2021
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Fenton, Montana
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Aaron Mottern
Title
CEO

Financials

 Revenue +214% YoY
$3,988,260
as of FY2021
 Monthly Burn
$101,786
as of FY2021
 Runway
0.5 months
as of FY2021
 Gross Margin
54%
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$3,988,260

$1,268,458

COGS

$1,836,281

$578,136

Tax

$0

$0

 

 

Net Income

$-1,221,437

$-33,217

Summary Balance Sheet

FY 2021 FY 2020

Cash

$50,223

$266,120

Accounts Receivable

$51,097

$0

Total Assets

$728,043

$467,235

Short-Term Debt

$1,610,650

$417,003

Long-Term Debt

$298,400

$477,000

Total Liabilities

$1,909,050

$894,003

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,070,028
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/13/2023 StartEngine $10,011,938 $158 Equity - Common Not Funded RegCF
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Add to portfolio
AGOGIE on Startengine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,011,938
Price per Share: $2.77

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Follow AGOGIE on Startengine 2022

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Warning: according to the close date for this deal, AGOGIE may no longer be accepting investments.

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