Whipr
Early Stage
Paddle, Ski, Row +
Overview
Raised: $1,371,629
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/17/2021
Close Date
12/14/2021
Min. Goal
$9,999
Max. Goal
$2,500,000
Min. Investment
$251
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.15
Pre-Money Valuation
$19,952,500
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$7,620
# of Investors
1,294
Momentum
Funded
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Year Founded
2020
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Whipr, with a pre-money valuation of $20 million, is raising funds on StartEngine. The company has designed and created a portable ERG machine for a full workout, including row, ski, paddle, surf, kayak, canoe, dragon boat, and multi-sport training. The machine solves multiple spatial and financial issues and motivates workouts with a supported app. Luke Tipple founded Whipr in May 2020. The proceeds of the current crowdfunding round, with a minimum raise of $9,999.25 and a maximum raise of $1,069,999.10, will be used for expansion, building out the subscription service, and releasing more SKUs. Whipr already has over 11,500 customers and has generated $5.7 million in pre-sales since August 2020. The company plans to expand further with new products, a subscription service, and VR compatibility.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,349,492 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,699,060 |
$0 |
|
Accounts Receivable |
$284,240 |
$0 |
|
Total Assets |
$2,983,300 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/17/2021
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