ReelView Fishing

ReelView Fishing

[Closed for Investment] ReelView Fishing, with a valuation of $19.92 million, is raising funds on StartEngine. The company has created an advanced real-time underwater fishing system using its patented technology. ReelView Fishing’s eLine technology transmits data and power to underwater devices and delivers live underwater video to the surface. The company is currently pre-revenue and has secured 200 pre-order deposits within just 30 days. Dustin Alinger and Tom Milnes founded ReelView Fishing in May 2020. The current crowdfunding campaign has a minimum target of $14,999.22 and a maximum target of $1.23 million. The campaign proceeds will be used for pre-production and tooling, research and development, and working capital.

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Investment Overview

Raised this Round: Raised: $469,334

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
07/30/2024
Close Date
10/29/2024
Min. Goal
$14,999
Max. Goal
$1,234,999
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.38

Pre-Money Valuation

$19,921,374

Company & Team

Company

Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Boston, Massachusetts
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Dustin Alinger
Title
CEO

Financials

as of June 30, 2024
 Revenue
$0
 Monthly Burn
$135,000
 Runway
2.7 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,608,936

$-195,979

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,369,454

$659,512

Accounts Receivable

$0

$0

Total Assets

$1,616,774

$659,512

Short-Term Debt

$13,169

$44,400

Long-Term Debt

$52,605

$0

Total Liabilities

$65,774

$44,400

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$3,349,999
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/29/2024 StartEngine $19,921,374 $469,334 Equity - Common Funded RegCF
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ReelView Fishing on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $19,921,374
Price per Share: $1.38

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