Sawfish

Sawfish

Growth Stage

For precise, controlled cuts

For precise, controlled cuts

Overview

Raised this Round: Raised: $348,028

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/10/2023

Close Date

03/11/2024

Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$75,000,024

Year Founded

2022

Industry

Industrial Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Norristown, Pennsylvania

Business Type

Growth

Sawfish, with a valuation of $75 million, is raising funds on StartEngine. It is a next-generation building tools company that aims to use its technology to turn any electric drill into a precision saw. Sawfish’s patent-protected technology was originally developed for orthopedic surgery but will soon be available to tradesmen and DIY homeowners. The patented 3D link geometry of Sawfish will allow the miniaturized rotational saw to glide through PVC, drywall, and wood and can be used for roofing, electrical work, HVAC installation, and other work. Tim Langloss founded Sawfish in April 2022. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for machine tooling, company employment, inventory, and marketing.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-179,405

$-42

Summary Balance Sheet

FY 2022 FY 2021

Cash

$634,552

$98

Accounts Receivable

$0

$0

Total Assets

$634,552

$98

Short-Term Debt

$47,448

$0

Long-Term Debt

$0

$0

Total Liabilities

$47,448

$0

Financials as of: 12/10/2023
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Sawfish on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $75,000,024
Price per Share: $2.00

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Follow Sawfish on StartEngine 2023

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