TrackBarn
TrackBarn is raising funds on Honeycomb. The company makes custom apparel and custom accessories, like bags and tents, related to track and field events. TrackBarn is the only Black-owned track and field company in the US and became the official bag and uniform supplier for the Amateur Athletic Union in 2022. The company Olympus Discus is ranked number one on Amazon and has competitive advantages over big brands like Nike and Under Armour. Carl McCargo founded TrackBarn in July 2019. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $250,000. The campaign proceeds will be used for Olympus inventory, a customizer, and working capital.
Investment Overview
Raised: $6,591
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 11/18/2024
- Close Date
- 01/17/2025
$100,000
$250,000
$100
Debt
Pre-Seed
RegCF
11.50%
7.0 years
Company & Team
Company
- Year Founded
- 2019
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +0% YoY
- $1,974,901
- Monthly Burn
- $5,351
-
Runway
- 11.2 months
- Gross Margin
- 37%
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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 |
|---|---|---|---|---|---|---|
| 01/17/2025 | Honeycomb | - | $6,591 | Debt | Active | RegCF |