GoSun

GoSun

Growth Stage

Use More Sun

Overview

Raised this Round: Raised: $1,069,999

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/15/2019

Close Date

07/14/2020

Min. Goal
$9,999
Max. Goal
$1,069,998
Min. Investment

$501

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.30

Pre-Money Valuation

$14,029,817

Year Founded

2016

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Cincinnati, Ohio

Business Type

Life Style

GoSun, with a pre-money valuation of $14 million, is raising funds on StartEngine. The company uses solar technologies to create efficient products for cooking, cooling, lighting, and charging electronics, using solar energy. The GoSun products support independence and non-reliance on non-renewable sources of energy, which helps to create a healthier and more sustainable environment. GoSun was founded by Patrick Sherwin in 2016 and has already raised $545,000 in its seed round of funding. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $535,000, will be used for product expansion. GoSun has already sold more than 35,000 products in 60 countries and generated $1.5 million in revenues in 2018. 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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,565,135

$1,359,436

COGS

$1,021,895

$774,719

Tax

$0

$0

 

 

Net Income

$-409,506

$-129,074

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$526,140

$1,077,685

Accounts Receivable

$32,085

$37,483

Total Assets

$1,072,581

$1,500,766

Short-Term Debt

$499,038

$593,770

Long-Term Debt

$608,587

$557,530

Total Liabilities

$1,107,625

$1,151,300

Financials as of: 10/15/2019
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GoSun 09/22/2024 StartEngine $40,817,388 $165,278 Equity - Common Active RegCF
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 $599,459 Convertible Note 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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GoSun on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $14,029,817
Price per Share: $1.30

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