Mags Ammo & Co.
About this raise
Mags Ammo & Co., with a valuation of $49.8 million, is raising funds on ChainRaise. The company aims to turn ammunition into a commodity so it can be traded all over the globe. Mags Ammo & Co. is bringing a new investment-grade asset to the marketplace and increasing the participation of people in the ammunition market. The company’s factory will be produced by D&M Holding Company of Tampa, Florida and has current customers including Grind Hard Ammunition, Longhorn Ammunition, Sia Fort of the MOI of Ukraine, and INDUMIL Colombian Army. Ryan Larkin founded Mags Ammo & Co. in December 2022. The current crowdfunding campaign has a minimum target of $996,000 and a maximum target of $4.99 million. The campaign proceeds will be used for the acquisition of startup assets, website development, debt reduction, working capital, and equipment.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- ChainRaise
- Start Date
- 01/22/2024
- Close Date
- 12/01/2024
$996,000
$4,992,000
$12,000
Equity - Common
Early Stage
RegCF
$12,000.00
$49,800,000
Company & Team
Company
- Year Founded
- 2022
- Industry
- Security, Cybersecurity, & Defense
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2023
- Monthly Burn
-
$7,011
as of FY2023
-
Runway
-
1 months
as of FY2023
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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 |
|---|---|---|---|---|---|---|
| 12/01/2024 | ChainRaise | $49,800,000 | $0 | Equity - Common | Not Funded | RegCF |