OLLO Footwear

OLLO Footwear

Early Stage

Shoes for Superhumans!

Shoes for Superhumans!

Overview

Raised to Date: Raised: $93,036

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/14/2023

Close Date

09/01/2023

Min. Goal
$50,002
Max. Goal
$499,998
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.93

Pre-Money Valuation

$4,600,004

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$854

# of Investors

45

Momentum
Funded
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Year Founded

2012

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Torrance, California

Business Type

Growth

OLLO Footwear, with a valuation of $4.6 million, is raising funds on Wefunder. The company makes footwear used in and suitable for movement sports. The shoes are designed and built for superhuman athletes and are suitable for sports, including parkour, freerunning, Ninja Warrior, obstacle course running, and World Chase Tag. OLLO Footwear has sold more than 24,600 pairs of shoes to date and generated $1.85 million in lifetime revenues. William Howes founded OLLO Footwear in June 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for product development, tooling, marketing, digital services, hiring, and competition and athlete sponsorships.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$168,581

$48,325

COGS

$44,644

$17,793

Tax

$0

$0

 

 

Net Income

$58,625

$-82,103

Summary Balance Sheet

FY 2022 FY 2021

Cash

$9,371

$559

Accounts Receivable

$0

$0

Total Assets

$114,497

$77,789

Short-Term Debt

$29,708

$61,207

Long-Term Debt

$14,406

$10,352

Total Liabilities

$44,114

$71,559

Financials as of: 05/14/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
OLLO Footwear 08/31/2023 Wefunder $4,600,004 $93,036 Equity - Preferred Funded RegCF
The OLLO Group 08/30/2021 StartEngine $4,500,000 $146,271 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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OLLO Footwear on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $4,600,004
Price per Share: $4.93

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