Sports Engineering

Early Stage

SEI’s innovative, patented footwear technology aims to enhance athletic and workplace safety by mitigating potential causes of injury.

Analytics

Raised to Date: Raised: $31,200

Aggregate Commitments $

Platform

Netcapital

Start Date

01/03/2022

Close Date

03/01/2022

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$99

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$24,200,445

Rolling Commitments $

Status

Active

Reporting Date

01/19/2022

Days Remaining

41

% of Min. Goal

312%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,950

Momentum
cold.svg
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Location

Portsmouth, New Hampshire

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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: 01/03/2022
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Sports Engineering on NetCapital 2022
$
Platform: Netcapital
Security Type: Equity - Common
Valuation: $24,200,445

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