Sunn Musical Equipment Corp

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.

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Investment Overview

Raised this Round: Raised: $116,242

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
02/26/2024
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$1,250,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.00

Early Bird Valuation

$9,540,000

Pre-Money Valuation

$10,600,000

Company & Team

Company

Year Founded
2023
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Petaluma, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
James Lebihan
Title
CEO
Founder Name
Mike Eldred
Title
CMO
Founder Name
Steve Skillings
Title
COO
Founder Name
Darius Mostowfi
Title
CTO
Founder Name
Fess Semenikhin
Title
CRO

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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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
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Sunn Music Equipment Corp on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $10,600,000
Price per Share: $10.00

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