NOMAD Grills

NOMAD Grills

Closed: Dec. 2024

About this raise: NOMAD Grills, with a valuation of $18.33 million, is raising funds on StartEngine. The company elevates the outdoor cooking experience with its high-performance portable grills and accessories. NOMAD Grills products are made with premium materials, have innovative designs, and appeal to quality-conscious consumers. The company has shipped products to 80 countries and generated $13 million in sales since its launch. Cameron Leggett and John Veatch III founded NOMAD Grills in May 2021. The current crowdfunding campaign has a minimum and maximum target of $123,998.75. The campaign proceeds will be used for research and development, company employment, inventory, and working capital.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
12/03/2024
Close Date
12/21/2024
Min. Goal
$123,999
Max. Goal
$123,999
Min. Investment

$250

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.95

Pre-Money Valuation

$18,330,956

Company & Team

Company

Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Dallas, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Cameron Leggett
Title
Co-Chief Executive Officer, Director
Founder Name
John Veatch
Title
Co-Chief Executive Officer, Director

Funding data not publicly available

Financials

as of October 1, 2024
 Revenue -15.3% YoY
$3,069,857
 Monthly Burn
$125,000
 Runway
1.4 months
Gross Margin
40%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$3,069,857

$3,625,219

COGS

$1,850,941

$2,261,806

Tax

$1,998

$1,244

 

 

Net Income

$-2,355,174

$-2,455,699

Summary Balance Sheet

FY 2023 FY 2022

Cash

$268,557

$57,810

Accounts Receivable

$13,160

$155,163

Total Assets

$427,171

$1,228,758

Short-Term Debt

$2,030,041

$2,086,770

Long-Term Debt

$0

$0

Total Liabilities

$2,030,041

$2,086,770

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$6,985,703
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/21/2024 StartEngine $18,330,956 $0 Equity - Common Not Funded RegCF
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Add to portfolio
NOMAD Grills on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $18,330,956
Price per Share: $0.95

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Follow NOMAD Grills on StartEngine 2024

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Warning: according to the close date for this deal, NOMAD Grills may no longer be accepting investments.

NOMAD Grills Deal Report

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