Hylete (2021)
About this raise
Hylete, a training lifestyle brand, is raising funds on StartEngine through Reg A+ crowdfunding. The company has an extensive line of men and women apparel, gear, and footwear, with flagship products like Iris Short, Helix Short, and Circuit Shoe. The products of Hylete aim at the comfort and complete well being of the community. Hylete was founded by Ronald Wilson and Matthew Paulson and has raised $9.9 million since its founding. The current round of funding has no minimum target and a maximum target of $12,000,000, and the proceeds will be used for purchase order deposits, tooling and other costs associated with the production, and inventory. Hylete has over 250,000 customers and generated net revenues of $12.6 million in 2019, leading to an over 70% CAGR.
Investment Overview
Invested : $1,433,172
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 02/20/2020
- Close Date
- 03/03/2021
$10
$12,000,000
$500
Equity - Common
Early Stage
RegA+
$1.00
$48,800,000
Company & Team
Company
- Year Founded
- 2012
- Industry
- Education, Training, & Coaching
- Tech Sector
- Distribution Model
- B2C
- Margin
- Capital Intensity
- Location
- Solana Beach, California
- Company Website
-
Visit Website
Team
- Employees
- 27
Financials
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/21/2022 | StartEngine | $27,379,991 | $159,125 | Equity - Preferred | Withdrawn | RegCF |
| 03/03/2021 | StartEngine | $48,800,000 | $1,433,172 | Equity - Common | Funded | RegA+ |
| 02/17/2020 | StartEngine | $30,400,000 | $1,069,701 | Equity - Common | Funded | RegCF |
| 04/29/2017 | StartEngine | - | $1,000,000 | Equity - Common | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.