MAGFAST
Wireless magnetic chargers
Overview
Raised: $1,341,995
Total Commitments ($USD)
Netcapital
04/23/2024
05/14/2024
$110
Equity - Common
Series A
RegCF
$15.77
$40,254,171
Rolling Commitments ($USD)
Active
05/04/2024
9
13,401%
30%
$122,000
2017
Consumer Products, Goods & Services
Hardwaretech
B2C
Low
High
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,063,544 |
$0 |
|
COGS |
$716,521 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,305,927 |
$-4,267,901 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,102,966 |
$2,662,369 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$4,571,573 |
$4,372,253 |
|
Short-Term Debt |
$125,484 |
$127,084 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$125,484 |
$127,084 |
Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| MAGFAST | 05/13/2024 | Netcapital | $40,254,171 | $1,341,995 | Equity - Common | Active | RegCF |
| MAGFAST | 04/30/2023 | Netcapital | $37,199,555 | $1,546,212 | Equity - Common | Funded | RegCF |
| MAGFAST | 04/28/2022 | Netcapital | $30,003,172 | $4,775,286 | Equity - Common | Funded | RegCF |
| MAGFAST | 12/16/2020 | Netcapital | $20,000,000 | $1,055,250 | Equity - Common | Funded | RegCF |
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Valuation History
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.
Employee History
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