GarageSkins

GarageSkins

Early Stage

Real Wood Magnetic Garage Door Overlays.

Real Wood Magnetic Garage Door Overlays.

Overview

Raised to Date: Raised: $100,000

Platform

StartEngine

Start Date

08/17/2017

Close Date

11/16/2017

Min. Goal
$10,000
Max. Goal
$100,000
Min. Investment

$250

Security Type

Convertible Note

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

0%

Year Founded

2014

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Location

Albany, Oregon

GarageSkins, with a valuation of $4 million, is raising funds on StartEngine. The company offers an innovative solution for homeowners looking to beautify their garage doors. GarageSkins has developed a patented real wood garage door overlay system that allows homeowners to transform their ordinary garage doors into high-end designer doors quickly and affordably. The system features a DIY "snap on" magnetic installation, using lightweight underlayments bonded with real wood veneers. Rick Medlen founded GarageSkins in December 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $100,000. The campaign proceeds will be used for further testing and prototypes, marketing, and working capital.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-5,346

$-43,859

Summary Balance Sheet

FY 2016 FY 2015

Cash

$572

$-932

Accounts Receivable

$0

$0

Total Assets

$572

$-932

Short-Term Debt

$0

$0

Long-Term Debt

$48,748

$41,898

Total Liabilities

$48,748

$41,898

Financials as of: 08/17/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Garageskins 01/09/2024 StartEngine $12,293,877 $265,024 Equity - Preferred Funded RegCF
GarageSkins 01/01/2019 StartEngine $3,040,000 $145,322 Equity - Common Funded RegCF
GarageSkins 11/15/2017 StartEngine $4,000,000 $100,000 Convertible Note Funded RegCF
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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

Funding data not publicly available

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GarageSkins on StartEngine 2017
Platform: StartEngine
Security Type: Convertible Note
Valuation: $4,000,000

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