GoSun

Growth Stage

Use More Sun

Analytics

Raised to Date: Raised: $1,069,999

Aggregate Commitments $

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

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$14,029,817

Rolling Commitments $

Status
Funded
Reporting Date

07/31/2020

Days Remaining
Funded
% of Min. Goal

10,701%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$3,934

Momentum
Funded
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Location

Cincinnati, Ohio

Industry

Consumer Products, Goods & Services

Tech Sector

Foodtech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

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: 10/16/2019
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GoSun 01/14/2022 StartEngine $59,891,925 $1,135,772 Equity - Preferred Active RegCF
GoSun 07/14/2020 StartEngine $14,029,817 $1,069,999 Equity - Common Funded RegCF
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GoSun on StartEngine
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $14,029,817
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