Tampa Deep Sea Xplorers

Tampa Deep Sea Xplorers

Closed: Apr. 2023

About this raise

Tampa Deep Sea Xplorers, with a valuation of $10.32 million, is raising funds on StartEngine. The company is developing autonomous underwater vehicles for exploring vast oceans and collecting data. The AUVs of Tampa Deep Sea Xplorers will be affordable for individuals and small institutions and reach great depths. Tampa Deep Sea Xplorers has launched its first product, Barracuda AUV, to collect subsea data at a faster rate than currently available devices. Edward Larson and Dennis Lorence founded Tampa Deep Sea Xplorers in February 2022. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1 million. The campaign proceeds will be used for company employment, working capital, and operations.

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Investment Overview

Invested this round: $35,597

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
01/19/2023
Close Date
04/19/2023
Min. Goal
$15,000
Max Goal
$1,000,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$10,320,000

Company & Team

Company

Year Founded
2022
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
Tampa, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Edward Larson
Title
CEO
Founder Name
Dennis Lorence
Title
Product Designer; Director

Financials

as of Fiscal Year 2021
 Revenue
$169,720
 Monthly Burn
Profitable
 Cash on Hand
$69,598

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$169,720

$11,005

COGS

$0

$0

Tax

$2,675

$0

 

 

Net Income

$68,189

$-22,504

Summary Balance Sheet

FY 2021 FY 2020

Cash

$69,598

$8,764

Accounts Receivable

$0

$0

Total Assets

$85,509

$17,653

Short-Term Debt

$31,065

$12,690

Long-Term Debt

$35,299

$35,299

Total Liabilities

$66,364

$47,989

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/19/2023 StartEngine $10,320,000 $35,597 Equity - Common Funded RegCF
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Add to portfolio
Tampa Deep Sea Xplorers on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,320,000
Price per Share: $1.00

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