ReelView Fishing (2024)

About this raise

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.

Investment Overview

Invested this round: $469,334

Deal Terms
Company & Team

Total Commitments

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

Company Stage

Early Stage

SEC Filing Type

RegCF

Price Per Share

$1.38

Pre-Money Valuation

$19,921,374

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

Revenue: $0
as of FY2023
Monthly Burn: $135,000
as of Jul '24
Runway: 2.7 months
as of Jul '24

View Detailed Financials

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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Ratings

Total Prior Capital Raised: $3,349,999
VC Backed?: No

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
04/25/2025	DealMaker Securities	$27,511,522	-	Equity - Common	Funded	RegCF
10/29/2024	StartEngine	$19,921,374	$469,334	Equity - Common	Funded	RegCF

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Revenue
Valuation
Price per Share
Employees

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.

Valuation History

Price per Share History

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

Employee History

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View on StartEngine

Common Stock, $19.9M • Closed

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1 Invested

Deal Considerations

1
Key Challenges
- Try Edge free for 7 days
Other Risks
- No other risks found

ReelView Fishing (2024)

ReelView Fishing (2024)

About this raise