Boyd Cycling

Boyd Cycling

Open  for investment

About this raise

Boyd Cycling, with a valuation of $6.2 million, is raising funds on Vicinity. The company is known for building high-quality wheels with full manufacturing control through vertical integration. Boyd Cycling produces its own carbon fiber and uses it to manufacture carbon rims with the help of the latest technology and talent. The company also makes aluminum rims and is now poised to expand its reach globally. Nicole Johnson and Boyd Johnson founded Boyd Cycling in September 2009. The current crowdfunding campaign has a minimum target of $1 million and a maximum target of $5 million. The campaign proceeds will be used for the completion of the acquisition of Munich assets and IP, marketing, growth capital, and manufacturing expansion.

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Investment Overview

Committed this round: $582,050

Deal Terms

Total Commitments ($USD)

Platform
Vicinity
Start Date
08/21/2024
Close Date
04/30/2025
Min. Goal
$500,000
Max Goal
$5,000,000
Min. Investment

$2,500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$25.00

Pre-Money Valuation

$6,200,000

Company & Team

Company

Year Founded
2024
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Greenville, South Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Boyd Johnson
Title
CEO
Founder Name
Nicole Johnson
Title
Secretary and Treasurer

Financials

as of Fiscal Year 2023
 Revenue -18% YoY
$1,297,262
 Monthly Burn
$3,592
 Runway
24+ months
Gross Margin
50%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,297,262

$1,582,292

COGS

$645,240

$789,704

Tax

$0

$0

 

 

Net Income

$-43,099

$-24,211

Summary Balance Sheet

FY 2023 FY 2022

Cash

$130,598

$110,016

Accounts Receivable

$18,893

$23,822

Total Assets

$877,859

$903,770

Short-Term Debt

$99,663

$131,753

Long-Term Debt

$693,039

$675,851

Total Liabilities

$792,702

$807,604

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 Vicinity $6,200,000 $582,050 Equity - Common Active RegCF
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Add to portfolio
Boyd Cycling on Vicinity 2024
Platform: Vicinity
Security Type: Equity - Common
Valuation: $6,200,000
Price per Share: $25.00

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