Shark Wheel
[Closed for Investment] 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.
Investment Overview
Raised: $529,210
Deal Terms
Company & Team
Company
- Year Founded
- 2018
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +24% YoY
- $1,181,599
- Monthly Burn
- $181,647
-
Runway
- 1.6 months
- Gross Margin
- 48%
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Company Funding & Growth
Funding history
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.