MAGFAST
MAGFAST is a revolutionary new family of wireless magnetic chargers that change charging for good.
Overview
Raised: $1,055,250
Total Commitments ($USD)
Netcapital
11/24/2020
12/17/2020
$100
Equity - Common
RegCF
$10.00
$20,000,000
Rolling Commitments ($USD)
12/30/2020
$47,966
2017
Consumer Products, Goods & Services
Hardwaretech
B2C
Low
High
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,406,931 |
$-884,514 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,185,735 |
$554,904 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,462,165 |
$749,359 |
|
Short-Term Debt |
$127,084 |
$127,084 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$127,084 |
$127,084 |
Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| MAGFAST | 04/29/2024 | Netcapital | $40,254,171 | $514,433 | Equity - Common | Active | RegCF |
| MAGFAST | 04/30/2023 | Netcapital | $37,199,555 | $1,546,212 | Equity - Common | Funded | RegCF |
| MAGFAST | 04/28/2022 | Netcapital | $30,003,172 | $4,775,286 | Equity - Common | Funded | RegCF |
| MAGFAST | 12/16/2020 | Netcapital | $20,000,000 | $1,055,250 | Equity - Common | Funded | RegCF |
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Valuation History
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Employee History
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