Sunn Musical Equipment Corp
[Closed for Investment] Sunn Music Equipment Corp, with a valuation of $10.6 million, is raising funds on Wefunder. The company is relaunching an iconic musical instrument brand. Sunn Music Equipment brand led innovation in the ‘60s and ‘70s and was used by artists like Jimi Hendrix, Led Zeppelin, Nirvana, and The Rolling Stones. It is now being relaunched by a group of music and electronics industry executives. The business already has a great response and has presold over $50,000 in the first two weeks of announcing its first product available for sale. James Lebihan, Michael Eldred, Sviatoslav Semenikhin, Darius Mostowfi, and Steven Skillings founded Sunn Music Equipment Corp in May 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.3 million. The campaign proceeds will be used for purchasing inventory for sale, research and development, marketing, and cost of sales.
Investment Overview
Raised: $116,242
Deal Terms
Total Commitments ($USD)
Company & Team
Company
- Year Founded
- 2023
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $140,000
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/29/2024 | Wefunder | $10,600,000 | $116,242 | Equity - Preferred | Funded | RegCF |