OLLO Footwear
Shoes for Superhumans!
Overview
Raised: $60,050
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/15/2023
Close Date
04/29/2024
Min. Goal
$50,002
Max. Goal
$499,998
Min. Investment
$100
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$4.93
Pre-Money Valuation
$4,600,004
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/03/2023
Days Remaining
331
% of Min. Goal
120%
% of Max. Goal
12%
Likelihood of Max
Avg. Daily Raise
$3,161
# of Investors
34
Momentum
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Year Founded
2012
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
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: 05/15/2023
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