Fit App by Macrofit

Fit App by Macrofit

Growth Stage

Modern, Innovative Fitness Tech and Hardware

Modern, Innovative Fitness Tech and Hardware

Overview

Raised to Date: Raised: $75,010

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/16/2022

Close Date

03/17/2023

Min. Goal
$10,000
Max. Goal
$474,486
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.59

Pre-Money Valuation

$20,062,882

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$625

# of Investors

29

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2018

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Los Angeles, California

Business Type

Growth

Fit App by Macrofit, with a valuation of $20.06 million, is raising funds on StartEngine. It is a connected fitness brand that provides fitness-related subscription content and fitness hardware. The business uses influencers to promote its content and hardware and has contracts with over 50 pro athletes, trainers, and influencers. Fit App by Macrofit launched a unique piece of home workout equipment that has generated over $3 million in sales, with the entire business generating over $10 million in total revenue. Michael DeVerna, Adam Frater, and Tyler Do founded Fit App by Macrofit in October 2018. The current crowdfunding campaign has a minimum target of $9,999.51 and a maximum target of $474,486.21. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$4,255,218

$3,361,309

COGS

$1,892,334

$625,432

Tax

$0

$0

 

 

Net Income

$-1,707,519

$52,512

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$142,905

$454,970

Accounts Receivable

$0

$0

Total Assets

$173,260

$454,970

Short-Term Debt

$1,211,205

$211,828

Long-Term Debt

$648,850

$263,000

Total Liabilities

$1,860,055

$474,828

Financials as of: 11/16/2022
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Fit App by Macrofit 03/16/2023 StartEngine $20,062,882 $75,010 Equity - Common Funded RegCF
Fit App by Macrofit 03/18/2022 StartEngine $25,202,269 $191,091 Equity - Common Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Fit App by Macrofit on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,062,882
Price per Share: $1.59

Follow company

Follow Fit App by Macrofit on StartEngine 2022

Buy Fit App by Macrofit's Deal Report

Warning: according to the close date for this deal, Fit App by Macrofit may no longer be accepting investments.

Fit App by Macrofit Deal Report

Get KingsCrowd’s comprehensive report on Fit App by Macrofit including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Fit App by Macrofit is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Fit App by Macrofit deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge