Zoombang

Zoombang

Growth Stage

Protective Gear for the Focused & Fearless

Protective Gear for the Focused & Fearless

Overview

Raised to Date: Raised: $271,762

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/06/2023

Close Date

02/05/2024

Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$44,761,818

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/28/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,020

# of Investors

198

Momentum
Funded
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Year Founded

2018

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Incline Village, Nevada

Business Type

Growth

Zoombang, with a valuation of $44.76 million, is raising funds on StartEngine. The company makes viscoelastic protective gear for law enforcement and military personnel, athletes, and high-risk professionals. Zoombang’s gear is made using PolyShields, a proprietary polymer solution that dissipates up to 90% of energy upon impact and increases protection while improving performance. The company is championing every field and has affiliations with Marshawn Lynch and the Athletic Equipment Managers Association. Joe Morelli and Paul Marsh founded Zoombang in September 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, company employment, marketing, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$482,022

$413,018

COGS

$436,315

$290,422

Tax

$0

$0

 

 

Net Income

$-2,530,549

$-564,149

Summary Balance Sheet

FY 2022 FY 2021

Cash

$134,401

$135,215

Accounts Receivable

$165,735

$67,556

Total Assets

$1,452,618

$647,184

Short-Term Debt

$125,562

$144,753

Long-Term Debt

$350,428

$0

Total Liabilities

$475,990

$144,753

Financials as of: 11/06/2023
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Zoombang on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $44,761,818
Price per Share: $2.50

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Follow Zoombang on StartEngine 2023

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