RainGlobes

RainGlobes

Early Stage

"RainGlobes - It's the globe that rains!"

"RainGlobes - It's the globe that rains!"

Overview

Raised this Round: Raised: $2,418

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/12/2023

Close Date

08/11/2023

Min. Goal
$9,999
Max. Goal
$1,234,995
Min. Investment

$248

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.95

Pre-Money Valuation

$5,247,000

Year Founded

2022

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

SEATTLE, Washington

Business Type

Growth

RainGlobes, with a valuation of $5.25 million, is raising funds on StartEngine. The company makes and sells unique globes that simulate rain inside a globe. RainGlobes offers a fun twist on the traditional snow globes and is more relatable as it rains more places than it snows. The business is led by an experienced team and has sold 75,000 globes worth $1.5 million to date. Joshua James, Fred Northup, Jr., and Scott Larson founded RainGlobes in October 2022. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, working capital, intellectual property, inventory, and company employment.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$69,805

$60,996

COGS

$61,354

$42,937

Tax

$0

$1,016

 

 

Net Income

$-79,956

$-1,242

Summary Balance Sheet

FY 2022 FY 2021

Cash

$7,028

$15,579

Accounts Receivable

$17,897

$12,756

Total Assets

$128,824

$144,555

Short-Term Debt

$0

$0

Long-Term Debt

$222,339

$186,056

Total Liabilities

$222,339

$186,056

Financials as of: 06/12/2023
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RainGlobes on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $5,247,000
Price per Share: $4.95

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