Ruck Sox

Ruck Sox

The First Performance Rucking Sock

The First Performance Rucking Sock

Overview

Raised this Round: Raised: $124,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/11/2024

Close Date

05/10/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

2.00X

Rev. Share %

9.00%

Year Founded

2022

Industry

Apparel & Fashion

Tech Sector

FashionTech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

High

Location

Sanford, North Carolina

Business Type

Growth

Ruck Sox is raising funds on Wefunder. The company makes the first performance rucking sock in the USA with 100% American materials and labor. Ruck Sox products are made by special operations veterans and in partnership with American companies like National Spinning, Spartan Dyers, Surratt Hosiery, Carolina Shirt Company, and Wilmington Design. The business has generated $19,000 in sales in the first eight months and has a social media following of 86,000. Killian Nowrey and Joseph Martingale founded Ruck Sox in March 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, content creation, wool yarn purchases, yarn dying, knitting, packaging, payroll, and cash reserves.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$18,914

$61

COGS

$7,572

$96

Tax

$0

$0

 

 

Net Income

$-8,241

$-3,989

Summary Balance Sheet

FY 2022 FY 2021

Cash

$375

$18,197

Accounts Receivable

$0

$0

Total Assets

$27,606

$21,615

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 02/11/2024
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Ruck Sox on Wefunder 2024
Platform: Wefunder
Security Type: Revenue Share

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