About this raise

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.

Expand

Investment Overview

Invested this round: $1,069,999

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
10/16/2019
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
9
Founder Name
Patrick Sherwin
Title
CEO

Financials

 Revenue
$1,565,135
 Monthly Burn
$34,126
 Runway
15.4 months
Gross Margin
35%

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

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

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)
Create a free account today to gain access to Kingscrowd analytics.

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

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
GoSun on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $14,029,817
Price per Share: $1.30

Follow company

Follow GoSun on StartEngine

Buy GoSun's Deal Report

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

GoSun Deal Report

Get Kingscrowd's comprehensive report on GoSun including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether GoSun is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the GoSun deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge