Shore Buddies
About this raise
Shore Buddies is raising funds on Wefunder. The company makes plastic-free educational toys that are ocean-friendly. The business uses plastic bottles picked from the oceans to create toys and eliminate ocean plastic pollution. The toys of Shore Buddies are eco-friendly, educational, and event-based, and sold through multiple platforms with direct distribution to a number of countries. Shore Buddies has saved over one million bottles and generated $500,000 in revenue in the last twelve months. Malte Niebelschuez founded Shore Buddies in December 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $150,000. The campaign proceeds will be used for website relaunch, digital marketing, inventory, and product purchases.
Investment Overview
Invested : $53,150
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 07/11/2022
- Close Date
- 11/27/2022
$50,000
$150,000
$100
Revenue Share
Quarterly
RegCF
2.00X
6.90%
Company & Team
Company
- Year Founded
- 2013
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $0
- Monthly Burn
- $7,631
-
Cash on Hand
- $15,005
- Gross Margin
- 30%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/27/2022 | Wefunder | - | $53,150 | Revenue Share | Funded | RegCF |