Snowball Industries
About this raise: Snowball Industries, with a valuation of $46 million, is raising funds on Equifund CFP. The company acquires high-quality and long-term businesses and holds them for a long period of time. It is active in commercial and residential HVAC and plumbing and generates revenue through multiple streams. Currently, Snowball Industries operates plumbing and HVAC services in various markets, including the Phoenix Arizona metro area, the northwest Arkansas metro area, and the Washington, DC metro area. Amir Haboosheh founded Snowball Industries in September 2020. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $5 million. The campaign proceeds will be used for advertising and marketing, asset acquisition and M&A, and working capital.
Investment Overview
Invested : $3,190,000
Deal Terms
Total Commitments ($USD)
- Platform
- Equifund
- Start Date
- 02/10/2023
- Close Date
- 07/03/2023
$20,000
$5,000,000
$501
Equity - Common
Seed
RegCF
$0.30
$46,000,000
Company & Team
Company
- Year Founded
- 2020
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +1,994% YoY
- $13,701,967
- Monthly Burn
- Profitable
- Cash on Hand
- $2,208,859
- Gross Margin
- 27%
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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 |
|---|---|---|---|---|---|---|
| 07/03/2023 | Equifund | $46,000,000 | $3,190,000 | Equity - Common | Funded | RegCF |