Get Maine Lobster

Get Maine Lobster

Growth Stage

The Freshest Catch Delivered

The Freshest Catch Delivered

Overview

Raised this Round: Raised: $220,501

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/27/2024

Close Date

09/25/2024

Min. Goal
$14,999
Max. Goal
$617,999
Min. Investment

$249

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.02

Pre-Money Valuation

$40,470,522

Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Location

Portland, Maine

Get Maine Lobster, with a valuation of $40.5 million, is raising funds on StartEngine. The business delivers fresh seafood directly from the bounty of the Maine coast to the customers. Get Maine Lobster’s offerings include sweet diver scallops, wild-caught swordfish, and other high-quality and premium seafood shipped straight from the icy waters of Portland, Maine. The business has a loyal customer base and has generated $82.9 million in lifetime revenues, with $12.3 million in 2023. Mark Murrell founded Get Maine Lobster in September 2016. The current crowdfunding campaign has a minimum target of $14,998.62 and a maximum target of $617,998.62. The campaign proceeds will be used for inventory and marketing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$12,398,166

$12,117,927

COGS

$5,209,595

$4,959,376

Tax

$0

$21,010

 

 

Net Income

$-767,738

$-601,539

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,240,795

$1,276,005

Accounts Receivable

$286,203

$386,669

Total Assets

$3,210,164

$2,300,848

Short-Term Debt

$2,874,011

$1,885,263

Long-Term Debt

$2,371,800

$1,683,245

Total Liabilities

$5,245,811

$3,568,508

Financials as of: 06/27/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Get Maine Lobster 09/24/2024 StartEngine $40,470,522 $220,501 Equity - Preferred Active RegCF
Get Maine Lobster 10/18/2018 SeedInvest $9,000,000 $492,920 Equity - Preferred Funded RegCF / RegD 506(c)
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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.

Valuation History

Price per Share History

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

Employee History

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Get Maine Lobster on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $40,470,522
Price per Share: $4.02

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