About this raise: 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.
Investment Overview
Invested : $798,101
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 06/30/2022
- Close Date
- 01/27/2023
$10,000
$1,769,751
$398
Equity - Common
Seed
RegCF
$2.29
$42,867,875
Company & Team
Company
- Year Founded
- 2018
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue -25.9% YoY
- $1,828,108
- Monthly Burn
- $48,509
-
Runway
- 8.3 months
- Gross Margin
- 36%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,806,661
- Grants
- $1,200,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 01/27/2023 | StartEngine | $42,867,875 | $798,101 | Equity - Common | Funded | RegCF |
| 02/11/2022 | Wefunder | $40,407,538 | $952,065 | Equity - Common | Funded | RegCF |
| 01/27/2021 | Wefunder | $34,900,000 | $529,210 | Equity - Common | Funded | RegCF |
| 04/29/2020 | Wefunder | $30,000,000 | $541,306 | Equity - Common | Funded | RegCF |
| 04/30/2019 | StartEngine | $25,500,000 | $534,921 | Equity - Common | Funded | RegCF |
| 11/03/2017 | StartEngine | $15,000,024 | $627,998 | Equity - Common | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.