SmartFoam

Growth Stage

TURNING THE “EVERYDAY” INTO SMART ACCURATE, ECONOMICAL, CONNECTED SENSORS

Analytics

Raised to Date: Raised: $30,904

Aggregate Commitments $

Platform

StartEngine

Start Date

11/19/2021

Close Date

02/16/2022

Min. Goal

$9,995

Max. Goal

$534,984

Min. Investment

$350

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$25,611,113

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

73

% of Min. Goal

309%

% of Max. Goal

6%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,932

Momentum
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Location

Carlsbad, California

Industry

Apparel & Fashion

Tech Sector

FashionTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

SmartFoam, with a valuation of $25.6 million, is raising funds on StartEngine. The company has developed technology that transforms normal foam material into intelligent sensors. The sensors can then be used to collect important data and encourage interactions with the smart device and speaker. The first product of SmartFoam, SmartSteps, helps in tracking activity and fitness very accurately. The company has completed all stages of development, testing, sourcing, and production readiness. Jennifer Smith founded SmartFoam in February 2016. The current crowdfunding campaign has a minimum target of $9,994.74 and a maximum target of $534,983.50. The campaign proceeds will be used to launch new products and expand.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$800

$800

 

 

Net Income

$-790,332

$-2,625,770

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$246

$84,707

Accounts Receivable

$0

$0

Total Assets

$81,738

$209,526

Short-Term Debt

$1,036,521

$2,445,086

Long-Term Debt

$26,599

$0

Total Liabilities

$1,063,120

$2,445,086

Financials as of: 11/19/2021
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SmartFoam on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $25,611,113

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