Armbrust American

Armbrust American

Closed: Jan. 2021

About this raise

Armbrust American, a mask factory, is raising crowdfunding on Wefunder. The factory manufactures FDA-registered surgical and N95 masks in its own custom-built factory located outside of Austin, Texas. The masks of Armbrust American are medical-grade and made of high-quality material. Lloyd Armbrust founded Armbrust American in 2018 and has raised over $4.7 million since its inception. The proceeds of the current crowdfunding round, with a minimum target of $147,000 and a maximum target of $1,070,000, will be used for purchasing an automated surgical mask assembly line, installation, American design upgrades, and air freight and tariffs. Armbrust American has 300 million pre-orders from government agencies, hospitals, restaurants, and individuals and is generating $7 million in revenue.

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Investment Overview

Invested this round: $1,070,000

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
10/20/2020
Close Date
01/31/2021
Min. Goal
$147,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Pflugerville, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
21
Founder Name
Lloyd Armbrust
Title
CEO

Financials

 Revenue
$7,000,000
 Monthly Burn
$17
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-202

$-2,532

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$-12

$90

Accounts Receivable

$0

$0

Total Assets

$-12

$90

Short-Term Debt

$2,581

$2,581

Long-Term Debt

$0

$0

Total Liabilities

$2,581

$2,581

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/31/2021 Wefunder - $1,070,000 Debt Funded RegCF
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Armbrust American on Wefunder
Platform: Wefunder
Security Type: Debt

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

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