Renegade Running
[Closed for Investment] Renegade Running is raising funds on SMBX. It is a sports goods retailer in Oakland, California, redefining the entire running ecosystem. Renegade Running offers a physical retail space and an online storefront for athletes of all backgrounds and abilities and converges the diverse running community through a shared journey of health and athleticism. The business finds and curates the latest and most innovative gear and makes them available to its customers, along with free educational opportunities and community building. Victor Diaz founded Renegade Running in August 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $425,000. The campaign proceeds will be used to open a second location in Los Angeles, California, and conduct a financial review.
Investment Overview
Raised: $194,130
Deal Terms
Total Commitments ($USD)
- Platform
- SMBX
- Start Date
- 07/23/2024
- Close Date
- 09/17/2024
$10,000
$425,000
$10
Debt
Pre-Seed
RegCF
10.00%
6.0 years
Company & Team
Company
- Year Founded
- 2019
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +16% YoY
- $790,226
- Monthly Burn
- Profitable
- Cash on Hand
- $15,789
- Gross Margin
- 58%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/17/2024 | SMBX | - | $194,130 | Debt | Funded | RegCF |