Renoun Skis

Renoun Skis

Growth Stage

Award-winning, patented, proprietary VibeStop™ technology

Award-winning, patented, proprietary VibeStop™ technology

Overview

Raised to Date: Raised: $486,934

Total Commitments ($USD)

Platform

Netcapital

Start Date

01/21/2024

Close Date

06/07/2024

Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$1,140,075

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/07/2024

Days Remaining

30

% of Min. Goal

4,869%

% of Max. Goal

39%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,551

Momentum
cold.svg
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Year Founded

2023

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Burlington, Vermont

Business Type

Growth

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.

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

Financials as of: 01/21/2024
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Renoun Skis on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $1,140,075
Price per Share: $1.00

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