Mullybox

Growth Stage

Mullybox makes life easier for golfers

Analytics

Raised to Date: Raised: $74,602

Aggregate Commitments $

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

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

06/27/2022

Days Remaining

126

% of Min. Goal

149%

% of Max. Goal

7%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,388

Momentum
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Location

St. Claire Shores, Michigan

Industry

Consumer Products, Goods & Services

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

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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Mullybox on Republic 2022
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Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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