Boyd Cycling

Boyd Cycling

Growth Stage

Craft Wheel Manufacturer

Craft Wheel Manufacturer

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Vicinity

Start Date

08/21/2024

Close Date

10/15/2024

Min. Goal
$1,000,000
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

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

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.

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

Financials as of: 08/21/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Boyd Cycling 10/15/2024 Vicinity $6,200,000 $0 Equity - Common Active RegCF

No prior online funding rounds.

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Boyd Cycling on Vicinity 2024
Platform: Vicinity
Security Type: Equity - Common
Valuation: $6,200,000
Price per Share: $25.00

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