The Axle Workout

The Axle Workout

Early Stage

Improve life expectancy with better body composition

Improve life expectancy with better body composition

Overview

Raised this Round: Raised: $142,968

Total Commitments ($USD)

Platform

Republic

Start Date

11/30/2021

Close Date

04/30/2022

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$11,000,000

Discount

20%

Year Founded

2016

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

NEW YORK, New York

Business Type

Growth

The Axle Workout, with a valuation of $11 million, is raising funds on Republic. The company has developed a proprietary training tool that helps in body composition analysis and strength training. The flagship product of The Axle Workout, The Axle barbell, is a lightweight and collapsible barbell that makes home workouts easy and complete. The Axle Workout has generated $1.5 million in lifetime revenues as of November 2021 and reported a 2,000% quarter-over-quarter growth from the first quarter of 2019 to the first quarter of 2021. Andrew Page and Anuj Patel founded The Axle Workout in November 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, B2B sales, and bringing new products to life.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$680,196

$262,723

COGS

$355,530

$117,797

Tax

$0

$0

 

 

Net Income

$-110,724

$-37,309

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$41,409

$21,343

Accounts Receivable

$6,310

$0

Total Assets

$569,863

$289,237

Short-Term Debt

$112,876

$79,218

Long-Term Debt

$515,259

$157,567

Total Liabilities

$628,135

$236,785

Financials as of: 11/30/2021
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The Axle Workout on Republic 2021
Platform: Republic
Security Type: SAFE
Valuation: $11,000,000

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