VanLab

VanLab

Closed: Jun. 2023

About this raise

VanLab, with a valuation of $10.49 million, is raising funds on StartEngine. The company designs and manufactures high-quality flatpack camper van kit sets. The kit sets of VanLab make it easier for travelers to embrace the outdoor lifestyle and assemble their dream camper van in just two days. VanLab’s camper van conversion kits are made using premium and sustainable materials and are disrupting the RV market. The current crowdfunding campaign has a minimum target of $14,997.58 and a maximum target of $1.2 million. The campaign proceeds will be used for company employment, marketing, travel, product development, inventory, and working capital.

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Investment Overview

Invested this round: $117,589

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
02/01/2023
Close Date
06/29/2023
Min. Goal
$14,998
Max Goal
$1,199,999
Min. Investment

$250

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.81

Pre-Money Valuation

$10,491,813

Company & Team

Company

Year Founded
2020
Industry
Travel and Hospitality
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Topanga, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
Yes
Founder Name
Andy Jones
Title
CEO
Founder Name
Ian Fitzhenry
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue
$22,797
 Cash on Hand
$27,415
Gross Margin
36%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$118,273

$22,797

COGS

$75,753

$27,439

Tax

$0

$0

 

 

Net Income

$13,054

$-16,277

Summary Balance Sheet

FY 2022 FY 2021

Cash

$27,415

$3,582

Accounts Receivable

$0

$0

Total Assets

$38,095

$3,582

Short-Term Debt

$5,072

$0

Long-Term Debt

$13,778

$0

Total Liabilities

$18,850

$0

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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
06/29/2023 StartEngine $10,491,813 $117,589 Equity - Common Funded RegCF
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Add to portfolio
VanLab on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,491,813
Price per Share: $4.81

Follow company

Follow VanLab on StartEngine 2023

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Warning: according to the close date for this deal, VanLab may no longer be accepting investments.

VanLab Deal Report

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