Sports Engineering
Early Stage
SEI’s innovative, patented footwear technology aims to enhance athletic and workplace safety by mitigating potential causes of injury.
Overview
Raised: $45,899
Total Commitments ($USD)
Platform
Netcapital
Start Date
01/02/2022
Close Date
04/29/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$99
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$24,200,445
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$396
Momentum
Funded
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Year Founded
2017
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Sports Engineering, with a valuation of $24.2 million, is raising funds on NetCapital. The company uses its patented and innovative footwear technology to make footwear that enhances athletic safety and mitigates potential causes of injury. Sports Engineering’s patented SplitSole and SmartSpring technologies reduce ground reaction forces related to rotational force and horizontal shear that are the common causes of injury. Sports Engineering already has product development agreements with two footwear brands and four NDAs with multi-vertical brands for commercialization. Ed Cowle founded Sports Engineering in March 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for research and product development, marketing, debt service, and compensation for managers.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-443,196 |
$-517,523 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,449 |
$1,954 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$865,743 |
$534,662 |
|
Short-Term Debt |
$8,482 |
$1,100 |
|
Long-Term Debt |
$201,019 |
$124,999 |
|
Total Liabilities |
$209,501 |
$126,099 |
Financials as of: 01/02/2022
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