The OLLO Group

The OLLO Group

Early Stage

High-performance sneakers

High-performance sneakers

Overview

Raised this Round: Raised: $146,271

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/25/2020

Close Date

08/31/2021

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$270

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$4,500,000

Year Founded

2012

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Torrance, California

Business Type

Growth

The OLLO Group, with a pre-money valuation of $4.5 million, is raising funds on StartEngine. The company manufactures high-performance footwear for athletes. The shoes of The OLLO Group offer strong grip and function well in highly demanding environments. William Howes founded The OLLO Group in 2012. The current crowdfunding campaign, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used to solidify the company’s position, expand the market share, and increase revenue. The OLLO Group is led by an experienced team and has built a strong foundation in the past eight years. It has over 20,000 loyal customers and plans to grow further with its unique business model.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$157,709

$194,439

COGS

$137,385

$114,924

Tax

$0

$0

 

 

Net Income

$-7,545

$-8,589

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,738

$15,428

Accounts Receivable

$0

$0

Total Assets

$53,502

$51,822

Short-Term Debt

$8,689

$8,334

Long-Term Debt

$0

$0

Total Liabilities

$8,689

$8,334

Financials as of: 11/25/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
OLLO Footwear 08/31/2023 Wefunder $4,600,004 $93,036 Equity - Preferred Funded RegCF
The OLLO Group 08/30/2021 StartEngine $4,500,000 $146,271 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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The OLLO Group on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $4,500,000
Price per Share: $5.00

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