GoSun

GoSun

Early Stage

Use More Sun

Use More Sun

Overview

Funding data not publicly available
Platform

SeedInvest

Start Date

05/10/2017

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%

Year Founded

2016

Industry

Consumer Products, Goods & Services

Tech Sector

Foodtech

Location

Cincinnati, Ohio

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.

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

Financials as of: 05/10/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GoSun 04/09/2023 StartEngine $59,891,925 $2,798,114 Equity - Preferred Funded RegCF
GoSun 07/13/2020 StartEngine $14,029,817 $1,069,999 Equity - Common Funded RegCF
GoSun 09/05/2017 SeedInvest $10,000,000 - Convertible Note Funded RegCF / RegD 506(c)
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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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GoSun on SeedInvest 2017
Platform: SeedInvest
Security Type: Convertible Note
Valuation: $10,000,000

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