CubCrafters

About this raise

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.

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Investment Overview

Invested this round: $478,845

Deal Terms

Total Commitments

Platform
Title3Funds
Start Date
12/20/2022
Close Date
04/30/2024
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

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

Financials

as of Fiscal Year 2022
 Revenue +1% YoY
$32,773,691
 Monthly Burn
Profitable
 Cash on Hand
$8,026,052
Gross Margin
28%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$34,398,435

$32,773,691

COGS

$24,763,871

$23,317,604

Tax

$171,826

$224,610

 

 

Net Income

$2,521,212

$1,050,536

Summary Balance Sheet

FY 2022 FY 2021

Cash

$8,026,052

$9,907,586

Accounts Receivable

$1,040,117

$819,538

Total Assets

$35,392,569

$24,273,762

Short-Term Debt

$20,499,865

$15,884,618

Long-Term Debt

$4,552,567

$1,907,679

Total Liabilities

$25,052,432

$17,792,297

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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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Add to portfolio
CubCrafters on Title3Funds
Platform: Title3Funds
Security Type: Equity - Preferred
Valuation: $150,000,000
Price per Share: $5.00

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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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