Camp365 (2023)

Camp365 (2023)

About this raise

Camp365, with a valuation of $30.8 million, is raising funds on StartEngine. The company manufactures compact and towable campers that allow people to enjoy camping without changing their everyday lifestyle. The lightweight campers can be carried in almost any car and stowed in any garage. Camp365 has an impressive IP portfolio and reported a ten times growth in revenue from 2018 to 2021. Kevin McGregor and Cedar Vandergon founded Camp365 in 2009. The current crowdfunding campaign has a minimum target of $9,999.90 and a maximum target of $2,500,000.20. The campaign proceeds will be used for direct-to-customers expansion, independent RV dealerships, and co-branded strategic partnerships.

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Investment Overview

Invested this round: $130,681

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
09/26/2022
Close Date
03/22/2023
Min. Goal
$10,000
Max Goal
$2,500,000
Min. Investment

$300

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.90

Pre-Money Valuation

$30,763,916

Company & Team

Company

Year Founded
2009
Industry
Consumer Products, Goods & Services
Tech Sector
Proptech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Eden Prairie, Minnesota
Business Type
Growth
Company Website
Visit Website

Team

Employees
18
Prior Founder Exits?
No
Founder Name
Cedar Vandergon
Title
Director
Founder Name
Kevin McGregor
Title
CEO

Financials

 Revenue +18% YoY
$879,322
 Monthly Burn
$185,613
 Runway
0.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$879,322

$744,593

COGS

$1,673,565

$1,016,945

Tax

$0

$0

 

 

Net Income

$-2,227,352

$-1,332,649

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$17,323

$31,385

Accounts Receivable

$55,270

$0

Total Assets

$1,876,264

$1,074,220

Short-Term Debt

$4,370,848

$2,633,174

Long-Term Debt

$842,121

$845,948

Total Liabilities

$5,212,969

$3,479,122

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,523,898
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/22/2023 StartEngine $30,763,916 $130,681 Equity - Common Funded RegCF
06/29/2022 StartEngine $20,695,091 $1,271,172 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Camp365 on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $30,763,916
Price per Share: $0.90

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Follow Camp365 on StartEngine 2022

Buy Camp365's Deal Report

Warning: according to the close date for this deal, Camp365 may no longer be accepting investments.

Camp365 Deal Report

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  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Camp365 is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

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