Overview
Raised: $41,723
Total Commitments ($USD)
Platform
Netcapital
Start Date
01/25/2021
Close Date
01/31/2023
Min. Goal
$10,002
Max. Goal
$534,998
Min. Investment
$99
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$5.22
Pre-Money Valuation
$6,293,900
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/05/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$57
Momentum
Funded
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Year Founded
2011
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Berylline, with a post-money valuation of $8.77 million, is raising funds on NetCapital. It is a manufacturing and technology company that makes electric and small-engine hybrid driving systems for personal transportation. The offerings of Berylline include F2A, a hybrid 3-wheel scooter, Berylline Breeze, a hybrid 3-wheel electric scooter, and a hybrid golf cart. Dennis Dresser founded Berylline in 2011 and raised over $200,000 in the previous round of financing on NetCapital. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $534,998, and the proceeds will be used for new product development, operations, and marketing. Berylline products are targeting the retired people and leisure markets.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-65,124 |
$-20,690 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$114,302 |
$174,098 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$116,326 |
$176,650 |
|
Short-Term Debt |
$40,000 |
$40,000 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$40,000 |
$40,000 |
Financials as of: 01/25/2021
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