CubCrafters

Growth Stage

Changing the Landscape of Backcountry Aviation

Overview

Platform

Title3Funds

Start Date

12/20/2022

Close Date

12/15/2023

Min. Goal

$10,000

Max. Goal

$5,000,000

Min. Investment

$400

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$150,000,000

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

CubCrafters, with a valuation of $150 million, is raising funds on Title3Funds. 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 minimum target of $10,000 and a maximum target of $5,000,000. The campaign proceeds will be used for research and development, manufacturing modernization, growth expansion, scaling of operations to demand, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$15,287,837

$16,803,911

COGS

$11,278,547

$11,704,305

Tax

$39,868

$0

 

 

Net Income

$141,541

$1,361,372

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$5,425,197

$9,437,178

Accounts Receivable

$1,542,367

$1,677,120

Total Assets

$26,236,363

$22,826,097

Short-Term Debt

$17,965,897

$11,800,154

Long-Term Debt

$1,647,280

$1,081,539

Total Liabilities

$19,613,177

$12,881,693

Financials as of: 12/20/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
CubCrafters 12/15/2023 Title3Funds $150,000,000 $0 Equity - Preferred Active RegCF
CubCrafters 11/03/2023 Manhattan Street Capital $150,000,000 $0 Equity - Preferred Active RegA+
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CubCrafters on Title3Funds
Platform: Title3Funds
Security Type: Equity - Preferred
Valuation: $150,000,000

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