Mayfield Athletics
About this raise
Mayfield Athletics, with a valuation cap of $8 million, is raising crowdfunding on Wefunder. The company is making sports safer for players of all ages with its products. The products of Mayfield Athletics include a S.A.F.E. clip that can be fitted to most helmets to reduce the impact of a blow, thus preventing concussions. Justin Summerville and Richard Williams founded Mayfield Athletics 2014. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used towards marketing and sales, helmet development, testing and engineering, inventory, and overhead expenses. Mayfield Athletics is using its patented technology to develop a No Contact Helmet System (NCHS) that will have multiple applications in sports and other markets.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 09/11/2020
- Close Date
- 01/24/2021
$50,000
$250,000
$100
SAFE
Early Stage
RegCF
$8,000,000
20%
Company & Team
Company
- Year Founded
- 2014
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
- $55,280
- Monthly Burn
- $10,588
-
Runway
- 0.3 months
- Gross Margin
- 54%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 01/24/2021 | Wefunder | $8,000,000 | $0 | SAFE | Not Funded | RegCF |