Shark Wheel
Growth Stage
Shark Wheel reinvented the wheel. Literally. Scientifically proven advantages.
Overview
Raised: $798,101
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/30/2022
Close Date
01/27/2023
Min. Goal
$10,000
Max. Goal
$1,769,751
Min. Investment
$398
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.29
Pre-Money Valuation
$42,867,875
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,782
# of Investors
400
Momentum
Funded
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Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Shark Wheel, with a valuation of $42.9 million, is raising funds on StartEngine. The company has reinvented the wheel which has multiple advantages over the traditional wheel. The Shark Wheel has a longer life, a unique approach angle, less charging, and a better ability to move over rough terrain. The wheels of the Shark Wheel have various applications, including luggage, farming wheel, the printing industry, medical applications, office chairs, casters, skateboards, and many more. Gary Fleishman founded Shark Wheel in December 2018. The current crowdfunding campaign has a minimum target of $10,000.43 and a maximum target of $1,769,750.93. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,828,108 |
$2,468,579 |
|
COGS |
$1,179,068 |
$1,497,454 |
|
Tax |
$0 |
$23,920 |
| ||
| ||
|
Net Income |
$-582,108 |
$-584,659 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$402,824 |
$399,968 |
|
Accounts Receivable |
$217,793 |
$92 |
|
Total Assets |
$1,374,789 |
$933,810 |
|
Short-Term Debt |
$235,921 |
$662,687 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$235,921 |
$662,687 |
Financials as of: 06/30/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Shark Wheel | 01/27/2023 | StartEngine | $42,867,875 | $798,101 | Equity - Common | Funded | RegCF |
| Shark Wheel | 02/11/2022 | Wefunder | $40,407,538 | $952,065 | Equity - Common | Funded | RegCF |
| Shark Wheel | 01/27/2021 | Wefunder | $34,900,000 | $529,210 | Equity - Common | Funded | RegCF |
| Shark Wheel | 04/29/2020 | Wefunder | $30,000,000 | $541,306 | Equity - Common | Funded | RegCF |
| Shark Wheel | 04/30/2019 | StartEngine | $25,500,000 | $534,921 | Equity - Common | Funded | RegCF |
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