About this raise

GoSun, with a valuation of $10 million, is raising funds on SeedInvest. The company uses solar technologies to create efficient products for cooking, cooling, lighting, and charging electronics, using solar energy. GoSun products support independence and non-reliance on non-renewable sources of energy, which helps to create a healthier and more sustainable environment. The company has partnered with companies like Home Depot and Ace Hardware for recreational sales and with bodies like the UN and Red Cross for humanitarian sales. Patrick Sherwin founded GoSun in December 2016. The current crowdfunding campaign has a minimum RegCF target of $100,000, a minimum target for the combined offerings of $200,000, and a maximum target of $1 million. The campaign proceeds will be used for growth and expansion.

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Investment Overview

Invested this round: $599,459

Deal Terms

Platform
SeedInvest
Start Date
05/11/2017
Close Date
09/06/2017
Min. Goal
$100,000
Max Goal
$1,000,000
Min. Investment

$500

Security Type

Convertible Note

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$10,000,000

Discount

20%

Company & Team

Company

Year Founded
2016
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Location
Cincinnati, Ohio
Company Website
Visit Website

Team

Funding data not publicly available

Financials

as of Fiscal Year 2016
 Revenue
$0
 Cash on Hand
$201,582
Gross Margin
58%

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$1,119,257

$671,614

COGS

$470,145

$250,722

Tax

$0

$0

 

 

Net Income

$48,165

$-21,441

Summary Balance Sheet

FY 2016 FY 2015

Cash

$201,582

$566,683

Accounts Receivable

$27,785

$0

Total Assets

$620,604

$684,579

Short-Term Debt

$635,143

$674,366

Long-Term Debt

$0

$0

Total Liabilities

$635,143

$674,366

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/23/2024 StartEngine $40,817,388 $292,944 Equity - Common Funded RegCF
04/10/2023 StartEngine $59,891,925 $2,798,114 Equity - Preferred Funded RegCF
07/14/2020 StartEngine $14,029,817 $1,069,999 Equity - Common Funded RegCF
09/06/2017 SeedInvest $10,000,000 $599,459 Convertible Note Funded RegCF / RegD 506(c)
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Growth Charts

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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Add to portfolio
GoSun on SeedInvest 2017
Platform: SeedInvest
Security Type: Convertible Note
Valuation: $10,000,000

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Follow GoSun on SeedInvest 2017

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Warning: according to the close date for this deal, GoSun may no longer be accepting investments.

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