SMARTfit
Growth Stage
Your Brain Matters!
Overview
Raised: $131,644
Total Commitments ($USD)
Platform
StartEngine
Start Date
02/01/2022
Close Date
06/29/2022
Min. Goal
$9,999
Max. Goal
$1,070,000
Min. Investment
$279
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.12
Pre-Money Valuation
$49,143,294
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$896
# of Investors
50
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2013
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
SMARTfit, with a valuation of $49.1 million, is raising funds on StartEngine. The company makes game-changing fitness equipment with a focus on brain health. The neuro-cognitive gym of SMARTfit enhances brain-body health and enhances human performance. SMARTfit comes in low impact and high impact models, and its programs include geriatric rehab, neuro and orthopedic rehab, early childhood education, and boxing and martial arts. Catherine Lamberti, James Manley, and Tom West founded SMARTfit in May 2013. The current crowdfunding campaign has a minimum target of $9,999.36 and a maximum target of $1,069,999.84. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$697,363 |
$901,555 |
|
COGS |
$372,997 |
$517,336 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,387,391 |
$-2,937,322 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$6,712 |
$11,290 |
|
Accounts Receivable |
$74,588 |
$3,768 |
|
Total Assets |
$4,211,574 |
$5,485,525 |
|
Short-Term Debt |
$820,519 |
$1,872,590 |
|
Long-Term Debt |
$1,896,653 |
$236,890 |
|
Total Liabilities |
$2,717,172 |
$2,109,480 |
Financials as of: 02/01/2022
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.