Marwin Sports

Growth Stage

Motorsports inspired apparel line

Overview

Raised to Date: Raised: $1,150

Total Commitments ($USD)

Platform

Microventures

Start Date

11/25/2022

Close Date

04/24/2023

Min. Goal

$25,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

Funding Type

RegCF

Valuation Cap

$12,500,000

Discount Rate

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

82

% of Min. Goal

5%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$17

# of Investors

6

Momentum
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Location

Carroltton, Texas

Industry

Apparel & Fashion

Tech Sector

FashionTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Marwin Sports, with a valuation of $12.5 million, is raising funds on MicroVentures. The company makes a motorsports-inspired apparel line for men and women. The apparel of Marwin Sports is purpose-built and of high quality, made using durable water-repelling and antimicrobial material. The customizable apparel is made for teams, corporates, and fans and includes tops, bottoms, outerwear, and accessories. The business reported net sales of $1.4 million in 2021 and has corporate sponsorship agreements with FCA Dodge, Formula Drift, John Force Racing, and many more. Yu Ting Huang and Matrice McConnell founded Marwin Sports in January 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1 million. The campaign proceeds will be used for marketing, research and development, manufacturing and inventory, product development, future wages, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,359,747

$568,302

COGS

$543,697

$418,888

Tax

$800

$0

 

 

Net Income

$204,578

$-107,863

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$652,570

$72,630

Accounts Receivable

$308,879

$0

Total Assets

$1,028,153

$75,201

Short-Term Debt

$84,405

$13,425

Long-Term Debt

$1,023,514

$346,120

Total Liabilities

$1,107,919

$359,545

Financials as of: 11/25/2022
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Marwin Sports on MicroVentures 2022
$
Platform: Microventures
Security Type: Convertible Note
Valuation: $12,500,000

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