Slabmags

Slabmags

Closed: Feb. 2024

About this raise

Slabmags, with a valuation of $5 million, is raising funds on Wefunder. The company makes and sells premium and versatile slab protective solutions for graded cards. Slabmags provide comprehensive protection to customers’ favorite sports and non-sports trading cards and include an aluminum alloy frame, crack-resistant tempered glass, full UV protection, and a built-in safety lock. Albert Young founded Slabmags in October 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for marketing, advertising, sales, operational overheads, business development, licensing, research and development, and inventory.

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Investment Overview

Invested this round: $250,000

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
12/12/2023
Close Date
02/29/2024
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

0%

Company & Team

Company

Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Ontario, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Tim Juang
Title
Partner
Founder Name
Albert Young
Title
Partner

Financials

as of Fiscal Year 2022
 Revenue
$245,574
 Monthly Burn
Profitable
 Cash on Hand
$124,595
Gross Margin
26%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$245,574

$23,565

COGS

$182,852

$8,715

Tax

$0

$0

 

 

Net Income

$1,032

$-275

Summary Balance Sheet

FY 2022 FY 2021

Cash

$124,595

$14,321

Accounts Receivable

$2,729

$1,023

Total Assets

$131,924

$15,344

Short-Term Debt

$31,667

$0

Long-Term Debt

$0

$0

Total Liabilities

$31,667

$0

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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
02/29/2024 Wefunder $5,000,000 $250,000 SAFE Funded RegCF
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Add to portfolio
Slabmags on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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Warning: according to the close date for this deal, Slabmags may no longer be accepting investments.

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