NEXT Boatworks
About this raise: NEXT Boatworks, with a valuation of $2.4 million, is raising funds on Wefunder. The company has made the first next-gen coastal rowing boat that meets the World Rowing C1x coastal rule standards. The boat, NEXT C1X, has established NEXT Boatworks as the leader in coastal rowing boat design with its leak-proof, lightweight, and innovative design. The company aims to develop and build the Renegade next, a sturdy boat with high performance. Dennis Loebs and Ben Booth founded NEXT Boatworks in May 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $450,000. The campaign proceeds will be used for new hires, marketing, doubling C1X throughput and sales, tooling and equipment, and debt retirement.
Investment Overview
Invested : $64,750
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 10/21/2022
- Close Date
- 04/23/2023
$50,000
$450,000
$100
SAFE
Seed
RegCF
$2,400,000
10%
Company & Team
Company
- Year Founded
- 2016
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $308,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/23/2023 | Wefunder | $2,400,000 | $64,750 | SAFE | Funded | RegCF |