Verispellis
Early Stage
ONE SKI AT YOUR CONTROL FOR ALL CONDITIONS.
Overview
Raised: $56,555
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/08/2022
Close Date
12/07/2022
Min. Goal
$9,993
Max. Goal
$999,999
Min. Investment
$257
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$17.14
Pre-Money Valuation
$11,998,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$635
# of Investors
30
Momentum
Funded
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Year Founded
2017
Industry
Media, Entertainment & Publishing
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Verispellis, with a valuation of $12 million, is raising funds on StartEngine. The company makes cutting-edge skis and snowboards suitable for all conditions. The skis of Verispellis are instrumented with digital, metallurgical, and electronic technology to tune ski performance based on weather and snow conditions. The patented, shape-shifting skis of Verispellis are made using a material named Nitinol. Ara Nazarian and Edward Rodriguez founded Verispellis in September 2017. The current crowdfunding campaign has a minimum target of $9,992.62 and a maximum target of $999,999.02. The campaign proceeds will be used for marketing campaigns, industry demos, the development of products, and cultivating industry relationships.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-183,893 |
$-44,480 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$256,329 |
$11,525 |
|
Accounts Receivable |
$256,329 |
$11,525 |
|
Total Assets |
$256,329 |
$11,525 |
|
Short-Term Debt |
$129,910 |
$86,215 |
|
Long-Term Debt |
$647,000 |
$262,000 |
|
Total Liabilities |
$776,910 |
$348,215 |
Financials as of: 09/08/2022
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