About this raise

Hylete is raising funds on StartEngine. It is a training lifestyle brand and 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 comfort and the complete well-being of the community. The company has about 10,000 passionate ambassadors and a strong social media presence. Ronald Wilson and Matthew Paulson founded Hylete in March 2012. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1 million. The campaign proceeds will be used for product development, marketing, and general working capital.

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Investment Overview

Invested this round: $1,000,000

Deal Terms

Platform
StartEngine
Start Date
02/04/2017
Close Date
04/29/2017
Min. Goal
$250,000
Max Goal
$1,000,000
Min. Investment

$250

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Company & Team

Company

Year Founded
2012
Industry
Education, Training, & Coaching
Tech Sector
Non-Tech
Location
Solana Beach, California
Company Website
Visit Website

Team

Funding data not publicly available

Financials

 Revenue
$0
as of FY2016
 Monthly Burn
$161,019
as of FY2016
 Runway
4.2 months
as of FY2016
 Gross Margin
53%
as of FY2016

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$5,732,609

$4,004,791

COGS

$2,701,752

$1,980,287

Tax

$800

$800

 

 

Net Income

$-1,932,222

$-732,929

Summary Balance Sheet

FY 2016 FY 2015

Cash

$671,617

$467,783

Accounts Receivable

$83,252

$72,220

Total Assets

$3,950,690

$1,893,283

Short-Term Debt

$1,100,254

$0

Long-Term Debt

$47,954

$0

Total Liabilities

$1,148,208

$0

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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12/21/2022 StartEngine $27,379,991 $159,125 Equity - Preferred Withdrawn RegCF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
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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.

Employee History

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Hylete on StartEngine 2017
Platform: StartEngine
Security Type: Equity - Common
Price per Share: $1.00

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