House Pickleball

House Pickleball

Early Stage

Stylish pickleball paddles made for the modern player

Stylish pickleball paddles made for the modern player

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Republic

Start Date

06/20/2024

Close Date

10/18/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$200

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,000,000

Discount

0%

Year Founded

2024

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Location

New York, New York

Business Type

Growth

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.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$70,637

$0

COGS

$33,243

$0

Tax

$0

$0

 

 

Net Income

$1,022

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,410

$0

Accounts Receivable

$0

$0

Total Assets

$62,991

$0

Short-Term Debt

$24,413

$0

Long-Term Debt

$0

$0

Total Liabilities

$24,413

$0

Financials as of: 06/20/2024
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House Pickleball on Republic 2024
Platform: Republic
Security Type: SAFE
Valuation: $2,000,000

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