SlideBelts
About this raise
SlideBelts, with a valuation of $20 million, is raising funds on StartEngine. It is a wearable technology company that designs, manufactures, and markets innovative ratchet belts. SlideBelts are patented belts made without holes and offer freedom from holes with its large collection of leather and canvas belts. The flagship product of SlideBelts, Leather Ratchet Belts, has a loyal customer base and maintains great customer feedback. Brig Taylor founded SlideBelts in Jun 2013. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1.07 million. The campaign proceeds will be used for product development, working capital, patents and trademarks, marketing, new staff, and debt reduction.
Investment Overview
Invested : $1,500
Deal Terms
- Platform
- StartEngine
- Start Date
- 04/04/2017
- Close Date
- 07/15/2017
$150,000
$1,070,000
$100
SAFE
Early Stage
RegCF
$20,000,000
20%
Company & Team
Company
- Year Founded
- 2013
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Location
- SACRAMENTO, California
- Company Website
-
Visit Website
Team
Financials
-
Revenue
-
$0
as of FY2016
- Monthly Burn
-
$1,447
as of FY2016
-
Runway
-
24+ months
as of FY2016
- Gross Margin
-
62%
as of FY2016
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 07/15/2017 | StartEngine | $20,000,000 | $1,500 | SAFE | Funded | RegCF |