Shark Wheel
Growth Stage
Shark Wheel reinvented the wheel. Literally. Scientifically proven advantages.
Overview
Raised: $529,210
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/02/2020
Close Date
01/27/2021
Min. Goal
$50,001
Max. Goal
$528,693
Min. Investment
$299
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.06
Pre-Money Valuation
$34,900,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$6,154
# of Investors
618
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
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 pre-money valuation of $34.9 million, is raising crowdfunding on WeFunder. The company has reinvented the wheel that 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. Shark Wheel was founded by Gary Fleishman and has raised over $3.5 million in previous rounds of financing. The company has also received two government grants for the application of its technology to the farming wheel. The current crowdfunding round has a minimum target of $50,001 and a maximum target of $528,693, and the funds will be used for research and development, operations, marketing, and daily business operations. Shark Wheel has recently signed a deal for US military deployment bags and a licensing deal with one of the industry leaders.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,181,599 |
$950,796 |
|
COGS |
$615,210 |
$491,022 |
|
Tax |
$0 |
$3,049 |
| ||
| ||
|
Net Income |
$-2,179,764 |
$-759,938 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$281,662 |
$247,546 |
|
Accounts Receivable |
$0 |
$3,672 |
|
Total Assets |
$591,611 |
$464,471 |
|
Short-Term Debt |
$525,804 |
$245,865 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$525,804 |
$245,865 |
Financials as of: 11/02/2020
Create a free account today to gain access to KingsCrowd analytics.
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 |
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.