Mullybox
Growth Stage
Mullybox makes life easier for golfers
Overview
Raised: $85,253
Total Commitments ($USD)
Platform
Republic
Start Date
06/10/2022
Close Date
10/31/2022
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$8,000,000
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/06/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$596
# of Investors
170
Momentum
Funded
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Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Mullybox, with a valuation of $10 million, is raising funds on Republic. The company makes and sells golf gear and delivers them conveniently through subscription products. The business delivers a tailored experience to the golfers and makes shopping for golf gear painless. Mullybox comes as a curated subscription box delivered monthly or quarterly and includes golf balls, training aids, tees, equipment, apparel, and accessories. The business generated over $1 million in revenue in 2021 with a two times year-over-year revenue growth. Andrew Thomas Amato founded Mullybox in May 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for growth, product development, marketing, hiring, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,153,746 |
$523,519 |
|
COGS |
$799,279 |
$412,006 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-17,871 |
$-25,938 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$89,554 |
$63,797 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$224,690 |
$103,033 |
|
Short-Term Debt |
$198,011 |
$73,534 |
|
Long-Term Debt |
$21,718 |
$21,718 |
|
Total Liabilities |
$219,729 |
$95,252 |
Financials as of: 06/10/2022
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