AquaVault

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $869,176

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
12/22/2020
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Robert Peck
Title
CEO
Founder Name
Jonathan Kinas
Title
CFO
Founder Name
Avin Samtani
Title
COO

Financials

 Revenue -13% YoY
$1,900,000
 Monthly Burn
$48,884
 Runway
5.3 months
Gross Margin
45%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2021 StartEngine $26,491,928 $869,176 Equity - Common Funded RegCF
11/07/2019 StartEngine $18,000,000 $1,067,976 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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AquaVault on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $26,491,928
Price per Share: $9.63

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