Beach Box

Beach Box

Closed: Oct. 2022

About this raise

Beach Box, with a valuation of $8 million, is raising funds on StartEngine. The company is revolutionizing portable storage space with its safe and portable boxes to store valuables. The boxes of Beach Box also come with a speaker and USB charging station to allow users to listen to music while keeping their valuables safe. The company is currently in the pre-revenue stage and plans to launch the product in 2022. Austin Igein and Darius Swain founded Beach Box in February 2019. The current crowdfunding campaign has a minimum target of $9,948.51 and a maximum target of $1,069,986.60. The campaign proceeds will be used for marketing, building a sales team, and scaling the company.

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Investment Overview

Invested this round: $92,183

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
06/27/2022
Close Date
10/27/2022
Min. Goal
$9,949
Max Goal
$1,069,987
Min. Investment

$139

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$69.57

Pre-Money Valuation

$8,000,550

Company & Team

Company

Year Founded
2019
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Atlanta, Georgia
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Austin Igein
Title
CEO
Founder Name
Darius Swain
Title
CIO
Founder Name
Austin Helm
Title
Marketing and Sales Lead

Financials

 Revenue
$0
 Monthly Burn
$6,163
 Runway
24+ months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$285

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-73,952

$-1,297

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$197,573

$47

Accounts Receivable

$0

$0

Total Assets

$202,604

$47

Short-Term Debt

$274,650

$0

Long-Term Debt

$0

$0

Total Liabilities

$274,650

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$290,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/27/2022 StartEngine $8,000,550 $92,183 Equity - Common Funded RegCF
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Add to portfolio
Beach Box on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $8,000,550
Price per Share: $69.57

Follow company

Follow Beach Box on StartEngine 2022

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

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