Mazarine
Early Stage
Solar Powered, Custom Built Dock Boxes
Overview
Raised: $109,579
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/25/2020
Close Date
04/30/2021
Min. Goal
$9,999
Max. Goal
$750,000
Min. Investment
$249
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.18
Pre-Money Valuation
$15,045,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$707
# of Investors
128
Momentum
Funded
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Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Mazarine, with a pre-money valuation of $15 million, is raising crowdfunding on StartEngine. The company is bringing patent-pending dehumidifying technology for boating storage. The technology will be used to manufacture solar-powered dock boxes that offer style, function, and customization. Jamin Finlaw founded Mazarine in 2018. The current crowdfunding round has a minimum goal of $9,999.32 and a maximum goal of $749,999.74, and the funds will be used to expand the offerings, develop strategic partnerships, improve efficiency, and streamline production. Mazarine moved rapidly from the proof of concept phase to sales of $340,000 in less than a year. The product is beautiful, functional, and highly durable.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$17,053 |
$0 |
|
COGS |
$27,272 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-89,057 |
$-593 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,059 |
$9,554 |
|
Accounts Receivable |
$2,500 |
$0 |
|
Total Assets |
$176,969 |
$17,054 |
|
Short-Term Debt |
$80,945 |
$0 |
|
Long-Term Debt |
$108,969 |
$0 |
|
Total Liabilities |
$189,914 |
$0 |
Financials as of: 11/25/2020
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