Slabmags
Early Stage
Premium Protection For Your Favorite Trading Cards
Overview
Raised: $250,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/11/2023
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
Valuation Cap
$5,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/02/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,165
# of Investors
131
Momentum
Funded
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Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 12/11/2023
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