Renoun Skis (2024)

About this raise

Renoun Skis, with a valuation of $1.1 million, is raising funds on NetCapital. The company makes award-winning skis using its patented technology. Renoun Skis’ VibeStop technology is used to embed a non-newtonian polymer into the ski cores that adapts to different skiing styles and provides exceptional stability and performance. The business has an active subscriber base of 60,000 potential customers, with 35% of the 1,700 customers already rebuying. Cyrus Schenck founded Renoun Skis in November 2023. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing and brand experience, management salaries, redemption of Class C units, hiring, and building a customer portal.

Investment Overview

Invested this round: $574,354

Deal Terms
Company & Team

Total Commitments

Platform: Netcapital
Start Date: 01/22/2024
Close Date: 06/07/2024

Min. Goal
$10,000

Max Goal
$1,235,000

Min. Investment

$99

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF

Price Per Share

$1.00

Pre-Money Valuation

$1,140,075

Company

Year Founded: 2009
Industry: Consumer Products, Goods & Services
Tech Sector: Hardwaretech
Distribution Model: B2B/B2C
Margin: Medium
Capital Intensity: Low
Location: Burlington, Vermont
Business Type: Growth
Company Website: Visit Website

Team

Employees: 6
Prior Founder Exits?: Yes

Founder Name: Cyrus Schenck
Title: Chief Product Officer

Financials

Revenue +20% YoY: $1,144,000
as of FY2022
Monthly Burn: $3,993
as of FY2022
Cash on Hand: $26,100
as of FY2022

View Detailed Financials

Summary Profit and Loss Statement

	FY 2022	FY 2021
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0


Net Income	$-47,916	$0

Summary Balance Sheet

	FY 2022	FY 2021
Cash	$26,100	$0
Accounts Receivable	$0	$0
Total Assets	$299,518	$0
Short-Term Debt	$0	$0
Long-Term Debt	$0	$0
Total Liabilities	$0	$0

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Ratings

Total Prior Capital Raised: $600,000
VC Backed?: No

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
04/30/2025	Netcapital	$3,262,883	$131,995	Equity - Common	Funded	RegCF
06/07/2024	Netcapital	$1,140,075	$574,354	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

View on Netcapital

Common Stock, $1.1M • Closed

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Deal Considerations

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Renoun Skis (2024)

Renoun Skis (2024)

About this raise