SwingZen
Early Stage
Don't just play the game. Excel at it.
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/08/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$14,500,000
Discount Rate
15%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
87
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Location
Franklin, Tennessee
Industry
Business Services, Software, & Applications
Tech Sector
GamingTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
SwingZen, with a valuation of $14.5 million, is raising funds on Wefunder. The company has developed a comprehensive platform that uses AI technology for golf training. The patent-pending technology of SwingZen can measure speed with only a camera phone and track the body, club, and ball. SwingZen functions as a state-of-the-art training system and accurately tracks the range of motion of a golfer’s body, club, and swing dynamics using any smartphone. Glen Yarbrough founded SwingZen in December 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for app development, general salaries, marketing, and operating expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,098 |
$229 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-22,578 |
$-26,520 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$554 |
$14,768 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$143,975 |
$148,620 |
|
Short-Term Debt |
$139,312 |
$127,379 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$139,312 |
$127,379 |
Financials as of: 11/08/2022
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