This company is no longer in business. Investors can get details about any potential exits or failures here.
Arc Footwear
Early Stage
Building shoe brands for every niche
Overview
Raised: $55,098
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/19/2020
Close Date
07/30/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$5.00
Pre-Money Valuation
$8,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$219
# of Investors
197
Momentum
Funded
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Year Founded
2020
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Arc Footwear, with a pre-money valuation of $8 million, is raising crowdfunding on StartEngine. The company develops multiple unique footwear brands under its umbrella and brings innovative and digitally-native brands to market. Arc Footwear is creating footwear brands with hyper-target identities in mind. Sean Clarke founded Arc Footwear in June 2020. The current crowdfunding campaign of the company has a minimum goal of $10,000 and a maximum goal of $1,070,000. Arc Footwear’s first brand, SNKR Project, has received placement in over 270 stores and reported a 400% rise in sales in March 2019. The company plans to launch two new brands, Mayvn and Omni, soon.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 11/19/2020
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