Iconic Motorbikes
About this raise
Iconic Motorbikes, with a valuation of $20 million, is raising funds on StartEngine. The company finds the rarest and coolest bikes on the planet and gives them a new life. The business runs an online auction site, service center, and local destination topped off with white-glove services. Iconic Motorbikes has become a trusted name for anything motorbike-related and has sold over 1,000 motorbikes since January 2020. Thomas A Tromp founded Iconic Motorbikes in April 2018. The current crowdfunding campaign has a minimum target of $9,998.33 and a maximum target of $1,069,994.73. The campaign proceeds will be used to scale and meet consumer demand.
Investment Overview
Invested : $776,907
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 05/24/2022
- Close Date
- 08/18/2022
$9,998
$1,069,995
$253
Equity - Common
Pre-Seed
RegCF
$6.67
$20,010,000
Company & Team
Company
- Year Founded
- 2018
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +50% YoY
- $7,419,548
- Monthly Burn
- $7,064
-
Runway
- 4.9 months
- Gross Margin
- 17%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/18/2022 | StartEngine | $20,010,000 | $776,907 | Equity - Common | Funded | RegCF |