VORSHEER

VORSHEER

Closed: Dec. 2022

About this raise: VORSHEER, with a valuation of $11.3 million, is raising funds on StartEngine. The company makes high-quality overland camping and emergency preparation trailers. It is bringing compact off-road trailers to the recreational vehicle and emergency preparation market. The trailers of VORSHEER are equipped with rapid mobility, hot and cold running water, shelter, heat, power, and food preparation. VORSHEER has generated $4.5 million in lifetime sales and has well-established distribution channels. Steve McCloud founded VORSHEER in March 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for manufacturing, marketing, and market expansion.

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Investment Overview

Not Funded: $8,229

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
09/16/2022
Close Date
12/15/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$11,292,372

Company & Team

Company

Year Founded
2022
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Springville, Utah
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Steve McCloud
Title
Chief Executive Officer

Financials

 Revenue +17% YoY
$1,403,987
 Monthly Burn
$30,564
 Runway
6.6 months
Gross Margin
21%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,403,987

$1,198,748

COGS

$1,107,025

$913,105

Tax

$0

$0

 

 

Net Income

$-366,770

$-150,202

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$203,086

$55,355

Accounts Receivable

$21,001

$17,818

Total Assets

$543,171

$402,174

Short-Term Debt

$672,875

$410,060

Long-Term Debt

$633,240

$342,920

Total Liabilities

$1,306,115

$752,980

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$500,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/15/2022 StartEngine $11,292,372 $8,229 Equity - Common Not Funded RegCF
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Add to portfolio
VORSHEER on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $11,292,372
Price per Share: $1.00

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Follow VORSHEER on StartEngine 2022

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

VORSHEER Deal Report

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