House Pickleball
About this raise
House Pickleball, with a valuation of $2 million, is raising funds on Republic. The business makes stylish pickleball paddles for modern players. House Pickleball has a new platform for designing and ordering custom pickleball paddles and has produced custom paddles for Cheez-It, Barbour, and Wal-Mart. It is the number one brand selected by college athletes on the Marketpryce NIL Platform and has produced over 1,200 paddles for nationwide pickleball community events. Mark Vermylen founded House Pickleball in March 2024. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product development and inventory, marketing, technology, and general working capital.
Investment Overview
Invested : $73,601
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 06/21/2024
- Close Date
- 10/18/2024
$50,000
$1,235,000
$200
SAFE
Early Stage
RegCF
$2,000,000
0%
Company & Team
Company
- Year Founded
- 2024
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$70,637
as of FY2023
- Monthly Burn
-
$933
as of May '24
-
Cash on Hand
-
$4,667
as of May '24
- Gross Margin
-
53%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/18/2024 | Republic | $2,000,000 | $73,601 | SAFE | Funded | RegCF |