Esker Cycles by Krueger Outdoor
About this raise
Esker Cycles by Krueger Outdoor, with a valuation of $6.49 million, is raising funds on StartEngine. The company makes mountain bikes using a patented suspension system. Esker uses Orion Dynamics to ensure that people enjoy their bike ride irrespective of the trail and terrain. The bikes of Esker Cycles by Krueger Outdoor are known for their durability, performance, and versatility. Tim Krueger and Ryan Krueger founded Esker Cycles by Krueger Outdoor in February 2018. The current crowdfunding campaign has a minimum target of $9,999.99 and a maximum target of $1,069,998.93. The campaign proceeds will be used to introduce new frames and new models of bikes.
Investment Overview
Invested : $359,401
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 11/23/2021
- Close Date
- 04/30/2022
$10,000
$1,069,999
$231
Equity - Common
Growth Stage
RegCF
$2.31
$6,487,457
Company & Team
Company
- Year Founded
- 2018
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +66% YoY
- $1,116,052
- Monthly Burn
- $10,161
-
Runway
- 1.2 months
- Gross Margin
- 41%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2022 | StartEngine | $6,487,457 | $359,401 | Equity - Common | Funded | RegCF |