Foot Glove Performance Footwear
About this raise
Foot Glove Performance Footwear, with a post-money valuation of $4.58 million, is raising funds on NetCapital. The company makes footwear for people in hospitality, construction, maintenance, and other businesses that require them to be on their feet every day. The footwear of Foot Glove Performance Footwear helps in solving foot pain and discomfort problems, prevents foot injuries, and reduces recovery times. Uganda Williams founded Foot Glove Performance Footwear in 2014. The current round of crowdfunding has a minimum goal of $10,000.90 and a maximum goal of $499,999.50, and the funds will be used for marketing, inventory, operations, and product design. Foot Glove Performance Footwear holds a patent on its unique technology and generated more than $100,000 in sales during its soft launch.
Investment Overview
Invested : $12,965
Deal Terms
Total Commitments
- Platform
- Netcapital
- Start Date
- 02/08/2021
- Close Date
- 04/30/2021
$10,001
$500,000
$100
Equity - Common
Pre-Seed
RegCF
$1.30
$4,089,115
Company & Team
Company
- Year Founded
- 2014
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +111% YoY
- $10,823
- Monthly Burn
- $4,612
-
Runway
- 3.1 months
- Gross Margin
- 44%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2021 | Netcapital | $4,089,115 | $12,965 | Equity - Common | Funded | RegCF |