IceGiant
Early Stage
Embrace a cooler future!
Overview
Raised: $292,652
Total Commitments ($USD)
Platform
StartEngine
Start Date
07/18/2022
Close Date
12/23/2022
Min. Goal
$10,000
Max. Goal
$1,069,998
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.95
Pre-Money Valuation
$19,998,874
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,864
# of Investors
302
Momentum
Funded
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Year Founded
2013
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
High
IceGiant, with a valuation of $20 million, is raising funds on StartEngine. The company has developed a patented technology to cool even the most powerful computer chips. The cooling technology of IceGiant is reliable and effective and has a gravity-driven system for ultra longevity and safety. The first product of IceGiant, the ProSiphon Elite, was launched in 2021 and brought innovation to the stagnant PC cooling industry. IceGiant has established a presence in retail channels and signed its first distribution agreement. Oscar Martinez founded IceGiant in September 2013. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $1,069,998.15. The campaign proceeds will be used for innovation, growth, and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$412,162 |
$456,001 |
|
COGS |
$349,111 |
$163,969 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-137,215 |
$-46,704 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,292 |
$110,917 |
|
Accounts Receivable |
$120 |
$11,432 |
|
Total Assets |
$291,770 |
$308,584 |
|
Short-Term Debt |
$365,844 |
$197,943 |
|
Long-Term Debt |
$0 |
$47,500 |
|
Total Liabilities |
$365,844 |
$245,443 |
Financials as of: 07/18/2022
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