RimTech by Project Overlord
[Closed for Investment] RimTech by Project Overlord, with a valuation of $37.3 million, is raising funds on StartEngine. It is an app-enabled wheel anti-theft and recovery system that addresses the global menace of wheel theft. The patented technology of RimTech uses hardware, cellular and GPS tracking, and shielded RF and Bluetooth connectivity to stop wheel theft and track them after they are stolen. Michael Fischer founded RimTech by Project Overlord in March 2015. The current crowdfunding campaign has a minimum target of $9,999.22 and a maximum target of $1,069,998.93. The campaign proceeds will be used to expand market share, launch new category lines and products, grow the distribution network, and continue research and development.
Investment Overview
Raised: $33,046
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 05/31/2022
- Close Date
- 09/28/2022
$9,999
$1,069,999
$249
Equity - Common
Seed
RegCF
$0.86
$37,291,590
Company & Team
Company
- Year Founded
- 2015
- Industry
- Security, Cybersecurity, & Defense
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $462,507
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/28/2022 | StartEngine | $37,291,590 | $33,046 | Equity - Common | Funded | RegCF |