POWERHANDZ
About this raise
POWERHANDZ empowers athletes and patients around the world to train with purpose. They design, manufacture, and sell athletic training products that help evaluate performance and injury recovery. Right now, they offer nine products across six sports, and they’re already being used by thousands of youth and professional teams, as well as some world-star athletes -- including David Ortiz, Brian Dawkins, and Isaiah Thomas. So far, POWERHANDZ has sold over 50,000 units and earned over $2.6M in revenue in more than 81 countries. Their products are available on ecommerce sites, such as Dick’s and Walmart, and they are currently partnered with over 150 affiliates, including an exclusive partnership with the NFL Players Association.
Investment Overview
Invested : $74,669
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 10/02/2018
- Close Date
- 04/29/2019
$50,000
$1,070,000
$100
Equity - Preferred
RegCF
$0.44
$5,000,000
Company & Team
Company
- Year Founded
- 2013
- Industry
- Fitness & Wellness
- Tech Sector
- Distribution Model
- B2C
- Margin
- Capital Intensity
- Location
- Dallas, Texas
- Company Website
-
Visit Website
Team
- Employees
- 4
Financials
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2019 | Wefunder | $5,000,000 | $74,669 | Equity - Preferred | Funded | RegCF |