Heroclip
About this raise
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.
Investment Overview
$1,664,606 - Total
Deal Terms
Total Commitments
- Platform
- SeedInvest
- Start Date
- 07/20/2020
- Close Date
- 09/18/2020
$25,000
$1,070,000
$1,000
Equity - Preferred
Growth Stage
RegCF
/ RegD 506(c)
$1.03
$4,750,000
Company & Team
Company
- Year Founded
- 2015
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +18% YoY
- $2,022,457
- Monthly Burn
- $33,333
-
Runway
- 8.5 months
- Gross Margin
- 65%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/18/2020 | SeedInvest | $4,750,000 | $1,664,606 | Equity - Preferred | Funded | RegCF / RegD 506(c) |