Armslock USA
Early Stage
Portable, life-saving tech for handgun owners + Law Enforcement
Overview
Raised: $107,282
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/17/2021
Close Date
08/03/2022
Min. Goal
$100,002
Max. Goal
$1,069,998
Min. Investment
$100
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.25
Early Bird Valuation
$10,419,990
Pre-Money Valuation
$11,549,250
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
08/02/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$416
# of Investors
56
Momentum
Not Funded
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Year Founded
2020
Industry
Security, Cybersecurity, & Defense
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Armslock USA, with a valuation of $11.5 million, is raising funds on Wefunder. The company has developed a portable and life-saving technology that prevents accidental discharge of handguns. The durable lock mechanism and fast gun retrieval also prevent gun snatching. Armslock USA is working with Salida, an international private security company, for a large-scale pilot run and is in a joint venture with India’s TVS Motors for the production of its smart holster. Yohi Cohen and Yaron Moshe Tsion founded Armslock USA in February 2020. The current crowdfunding campaign has a minimum target of $100,002 and a maximum target of $1,069,998. The campaign proceeds will be used for marketing, advertising, production, and operations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-150,105 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$20,025 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$20,025 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 11/17/2021
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