CubCrafters (2024)

CubCrafters (2024)

About this raise

CubCrafters is raising funds independently through Reg A+ crowdfunding. It is the largest adventure aircraft manufacturer in the world. The company is changing the landscape of backcountry aviation with its superior quality, independent thinking, and industry-leading innovation. CubCrafters has won FAA approval and has an innovative builder-assist program where the company’s personnel guide their customers from fabrication to completion. Patrick Horgan and Bradley Damm founded CubCrafters in 1986. The current crowdfunding campaign has a maximum target of $50 million. The campaign proceeds will be used for research and development, manufacturing modernization, growth expansion, scaling of operations to demand, and working capital.

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Investment Overview

Invested this round: $3,478,456

Deal Terms

Platform
Manhattan Street Capital
Start Date
11/03/2022
Close Date
01/29/2024
Min. Goal
$398
Max Goal
$54,182,043
Min. Investment

$398

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$5.45

Pre-Money Valuation

$150,000,000

Company & Team

Company

Year Founded
1986
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
Yakima, Washington
Business Type
Growth
Company Website
Visit Website

Team

Employees
207
Prior Founder Exits?
No
Founder Name
Patrick Horgan
Title
CEO

Funding data not publicly available

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$6,000,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2024 Title3Funds $150,000,000 $478,845 Equity - Preferred Funded RegCF
01/29/2024 Manhattan Street Capital $150,000,000 $3,478,456 Equity - Preferred Funded RegA+
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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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CubCrafters on Self Managed 2022
Platform: Manhattan Street Capital
Security Type: Equity - Preferred
Valuation: $150,000,000
Price per Share: $5.45

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

CubCrafters Deal Report

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