AquaVault

AquaVault

Growth Stage

Making Travel Safe

Making Travel Safe

Overview

Raised to Date: Raised: $869,176

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/21/2020

Close Date

04/30/2021

Min. Goal
$10,000
Max. Goal
$1,050,000
Min. Investment

$347

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$9.63

Early Bird Valuation

$25,167,331

Pre-Money Valuation

$26,491,928

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$6,738

# of Investors

1,045

Momentum
Funded
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Year Founded

2019

Industry

Travel and Hospitality

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Aventura, Florida

Business Type

Growth

AquaVault, with a pre-money valuation of $26.5 million, is raising funds on StartEngine. The company manufactures portable travel safes that can get locked to the beach furniture to keep the valuables secure. AquaVault is already offering its product to hundreds of hotels and amusement parks and growing well. The company was founded by Avin Samtani, Robert Peck, and Jonathan Kinas in 2014 and already has five issued patents, four pending patents, and three global trademarks. The company has secured a funding deal with Daymond Jones through Shark Tank, while the current crowdfunding round has a maximum goal of $1,050,000.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,182,811

$2,917,242

COGS

$1,206,972

$1,794,348

Tax

$0

$0

 

 

Net Income

$-586,604

$-257,486

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$259,733

$90,283

Accounts Receivable

$15,643

$9,017

Total Assets

$605,982

$235,427

Short-Term Debt

$127,427

$17,251

Long-Term Debt

$267,252

$318,399

Total Liabilities

$394,679

$335,650

Financials as of: 12/21/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
AquaVault 04/29/2021 StartEngine $26,491,928 $869,176 Equity - Common Funded RegCF
AquaVault 11/06/2019 StartEngine $18,000,000 $1,067,976 Equity - Common Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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AquaVault on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $26,491,928
Price per Share: $9.63

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