Throwdown
Growth Stage
The Best Choose Throwdown
Overview
Raised: $0
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/15/2021
Close Date
12/21/2021
Min. Goal
$9,999
Max. Goal
$4,999,997
Min. Investment
$225
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.25
Pre-Money Valuation
$24,874,526
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
12/21/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2014
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Throwdown, with a valuation of $24.9 million, is raising funds on StartEngine. The company is a leader in impact fitness and offers Functional Impact Training. The training combines impact sports, like boxing and MMA, with High-Intensity Interval Training to support fitness. Throwdown provides the tools and fitness education to guide athletes through their fitness journey. The company has generated $12.9 million in revenue over the past three years and has sold Throwdown-branded products for over $20 million. Greg Barrow founded Throwdown in September 2014. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $4,999,997.25. The campaign proceeds will be used to elevate the brand and expand.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,674,299 |
$8,026,705 |
|
COGS |
$1,565,506 |
$5,326,965 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-853,733 |
$1,016,325 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$138,128 |
$765,357 |
|
Accounts Receivable |
$188,053 |
$681,098 |
|
Total Assets |
$1,165,171 |
$2,824,899 |
|
Short-Term Debt |
$761,525 |
$2,248,555 |
|
Long-Term Debt |
$109,595 |
$0 |
|
Total Liabilities |
$871,120 |
$2,248,555 |
Financials as of: 11/15/2021
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