Edison Golf Company

Edison Golf Company

Closed: Apr. 2020

About this raise

Edison Golf Company, with a valuation cap of $2.1 million, is raising funds on NextSeed. It is a golf equipment company that is implementing innovative technology to challenge the conventional wedge design and create golf equipment that allows better scoring range shots. The Edison Forged wedges have demonstrated better performance than the traditional wedges in terms of distance, spin, launch angle, trajectory, and dispersion. Edison Golf Company was founded by Terry Koehler, with over 40 years of experience in marketing and product development in the golf equipment industry. The proceeds of the current crowdfunding round, with a minimum target of $150,000 and a maximum target of $300,000, will be used towards marketing, operating reserve, and establishing a healthy supply chain. Edison Golf Company has an efficient marketing and distribution model with its build-to-order and just-in-time inventory system.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
NextSeed
Start Date
01/30/2020
Close Date
04/23/2020
Min. Goal
$150,000
Max Goal
$300,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,100,000

Discount

20%

Company & Team

Company

Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Victoria, Texas
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Founder Name
Terry Koehler
Title
Chairman/Director of Innovation

Funding data not publicly available

Financials

 Revenue
$0
 Monthly Burn
$6,414
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-76,962

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$15,763

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/23/2020 NextSeed $2,100,000 $0 SAFE Not Funded RegCF
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Add to portfolio
Edison Golf Company on NextSeed
Platform: NextSeed
Security Type: SAFE
Valuation: $2,100,000

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

Edison Golf Company Deal Report

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