MONSTERBASS
About this raise
MONSTERBASS, with a valuation of $6.99 million, is raising funds on StartEngine. The company curates and sells customizable and convenient subscription boxes that are tailored for fishing in specific locations. MONSTERBASS boxes come with handpicked baits, a guidebook on how to fish the baits, access to over 200 instructional videos, free tournament entry fees, VIP store access, and more. The business caters to fishing enthusiasts through its omnichannel e-commerce sales strategy and has a consistent and growing customer base for its individual products and subscription boxes. Richard Patri founded MONSTERBASS in January 2019. The current crowdfunding campaign has a minimum target of $10,000.04 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, marketing, and working capital.
Investment Overview
Committed : $45,227
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 02/20/2025
- Close Date
- 04/30/2025
$10,000
$1,234,999
$251
Equity - Common
Seed
RegCF
$0.53
$6,992,912
Company & Team
Company
- Year Founded
- 2019
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -9.5% YoY
- $3,166,264
- Monthly Burn
- $30,000
- Cash on Hand
- $102,287
- Gross Margin
- 50%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,000,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2025 | StartEngine | $6,992,912 | $45,227 | Equity - Common | Active | RegCF |