HoloGear

HoloGear

Growth Stage

The future of sports is bright with our proprietary, holographic technology!

The future of sports is bright with our proprietary, holographic technology!

Overview

Raised to Date: Raised: $16,250

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/28/2021

Close Date

04/29/2022

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

15%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

04/30/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$89

# of Investors

59

Momentum
Not Funded
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Year Founded

2019

Industry

Media, Entertainment & Publishing

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Chicago, Illinois

Business Type

Growth

HoloGear, with a valuation of $20 million, is raising funds on Wefunder. It is an innovative sporting goods and apparel company. The company makes holographic sports products that can be used to play sports at night and exercise safely in the dark. HoloGear uses a proprietary material that is embedded with thousands of reflective beads to reflect light powerfully. Ryan Richards and Jonah Belanger founded HoloGear in May 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for inventory, advertising, research and development, and operations.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,243,686

$663,899

COGS

$1,601,582

$331,783

Tax

$6,689

$100

 

 

Net Income

$-409,868

$-24,676

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$-3,355

$39,355

Accounts Receivable

$0

$0

Total Assets

$779,145

$188,572

Short-Term Debt

$779,464

$192,413

Long-Term Debt

$317,549

$8,296

Total Liabilities

$1,097,013

$200,709

Financials as of: 10/28/2021
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HoloGear on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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