Heroclip

Heroclip

Growth Stage

Multi-functional lifestyle products that help users do more in their lives

Multi-functional lifestyle products that help users do more in their lives

Overview

Raised this Round:
$177,105 - RegCF
$1,664,606 - Total

Total Commitments ($USD)

Platform

SeedInvest

Start Date

07/19/2020

Close Date

09/18/2020

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$1.03

Pre-Money Valuation

$4,750,000

Year Founded

2015

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Seattle, Washington

Business Type

Growth

Heroclip, with a pre-money valuation of $4.75 million, is raising crowdfunding on SeedInvest. The company makes multi-functional lifestyle products that help in organizing people’s gear and make it easily accessible. The flagship product of Heroclip has a patented 360-degree swivel system that is easy to access and can be used to hook or clip things to almost anything. Heroclip was founded by Mina Yoo in 2015 and has raised over $500,000 in its pre-seed round of funding. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000. The proceeds will be used for sales, marketing, and new product launch. Heroclip generated revenues of over $2 million in 2019, with unit sales growth of 18% from 2018.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,022,457

$1,904,395

COGS

$711,561

$1,090,485

Tax

$0

$0

 

 

Net Income

$-399,998

$-1,190,620

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$281,983

$85,455

Accounts Receivable

$142,588

$163,177

Total Assets

$879,083

$837,827

Short-Term Debt

$1,030,369

$699,889

Long-Term Debt

$0

$0

Total Liabilities

$1,030,369

$699,889

Financials as of: 07/19/2020
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Heroclip on SeedInvest
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $4,750,000
Price per Share: $1.03

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