Aggregate Commitments $
StartEngine
03/15/2021
04/30/2021
$10,000
$1,069,999
$237
Equity – Common
RegCF
Series A
$20,695,091
Rolling Commitments $
Active
04/25/2021
4
2,196%
21%
$5,356
241
Eden Prairie, Minnesota
Consumer Products, Goods & Services
Proptech
B2B
Medium
High
Growth
Camp365, with a pre-money valuation of $20.7 million, is raising crowdfunding on StartEngine. The company manufactures compact and towable campers that allow people to enjoy camping without changing their everyday lifestyle. The lightweight campers can be carried in almost any car and stowed in any garage. Kevin McGregor and Cedar Vandergon founded Camp365 in 2009. The current crowdfunding round has a minimum raise of $9,999.60 and a maximum raise of $1,069,998.80. The raise proceeds will be used for growth and expansion. Camp365 has an impressive IP portfolio and reported a nine times growth in revenue from 2018 to 2020. The company already sells its cabins to independent RV dealers in the US and Canada.
Summary Profit and Loss Statement
|
Revenue |
$502,499 |
$88,487 |
|
COGS |
$743,829 |
$132,573 |
|
Tax |
$0 |
$0 |
|
|
||
|
|
||
|
Net Income |
$-1,704,144 |
$-784,640 |
Summary Balance Sheet
|
Cash |
$88,307 |
$316,701 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$653,486 |
$690,829 |
|
Short-Term Debt |
$1,110,216 |
$352,758 |
|
Long-Term Debt |
$760,060 |
$0 |
|
Total Liabilities |
$1,870,276 |
$352,758 |
