Solgaard

Solgaard

Innovative and sustainably designed gear

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Security Type
Non-Voting Equity
Categories
Other
Min Investment
$300
Location
New York, NY
Offering Date
September 22, 2020
Expected Close Date
March 22, 2021
Target Raise
$10.00K-$1.07M
Deal Notes

Security Name: Class B Non Voting Stock

Minimum Number of Shares Offered: 5,000

Maximum Number of Shares Offered: 535,000

Price per Share: $2.00

Valuation
$24,200,000

Company Description

Solgaard is a design-driven, sustainable brand that is always ready for adventure. Our mission is to leave the planet a better place than we found it. Our work solves everyday problems for people through innovative and sustainable design. We built a whole ecosystem of premium travel and lifestyle gear, created with ocean-bound plastics. Our goal is to help cut ocean plastic in half by 2025.

Key Deal Facts

Sales revenue tripled from 2018-2019, and YTD 2020 we’ve achieved 465% e-commerce growth compared to 2019.
Awarded Time Magazine’s Best Inventions 2018, and FastCompany’s World Changing Ideas 2020.
With a deep IP portfolio centered on sustainability, the products serve loyal customers and also the planet.

Management Team / Advisory Board Bios

Adrian Solgaard
Founder & CEO
Sustainability & Innovation focused, Norwegian-Canadian Entrepreneur Adrian Solgaard has successfully created and launched 8 consumer products, and shipped over 200,000 products to people all over the world. Winner of Time Magazine Best Inventions, included in FastCompany World Changing Ideas 2020, and 6-time Kickstarter success, raising more than $3 million dollars between Kickstarter and Indiegogo. Adrian pleads loyal to the crowd - including that one time he promised to wear leopard print jeans until everyone received their product (seriously, google it). Adrian's 5 core values are: Integrity, Impact, Curiosity, Freedom, and Understanding.

Chris Cavill
Creative Designer
With a degree in graphic design and over a decade of experience, the UK born, now Vancouver native makes everything we put out look great. Chris takes our sustainable messaging into premium designs that reiterate the need to take care of our planet.It all started when Adrian had an idea for a backpack with a solar panel, he called Chris and they started jamming on ideas over late night calls. Six weeks later they launched Lifepack which raised over $1.2 million. 


Seth VerBeek
Head of Operations
From small-town Indiana to big-town NYC, this former architect oversees company operations. Having been accepted into multiple fashion and design accelerators, including an affiliate of Pratt Institute, Seth brings a decade of entrepreneurial and operations experience to the team. 


Emma Garner
Head of PR
UK native with a degree in communications and public relations, Emma brings over a decade of experience in fashion and retail to the team. Specializing in luxury goods, fashion and sustainable products Emma has worked with major brands including BCBGMAXAZRIA, La Perla, Rihanna, StriVectin, John Varvatos, and Kenneth Cole. 


Sarah Jordan
Head of Finance
Kentucky girl turned Long Islander, Sarah has spent over a decade in the retail industry overseeing finance and operations functions. With degrees in ecomonics and finance, Sarah brings financial planning, inventory management, and audit expertise to the team.


Marcus Svensson
Head of eCommerce
Swedish native now living in NYC, Marcus oversees eComm, email, advertising strategy and execution for Solgaard. Marcus focuses on maintaining a high degree of customer engagement which has resulted in over 5X e-commerce revenues year over year. 


Austin Morales
Content Creator
The man behind the camera. From Oklahoma to the Big Apple, Austin creates viral posts that engage our followers in the discussion of sustainability. Austin's content has tallied millions of views across our social channels. All this and he still has time to tame that mustache!


Ana Reis
Sales Manager
Brazilian native now living in NYC, Ana oversees all corporate sponsorships and sales. Ana has been responsible for closing partnerships with major names for Solgaard including Celebrity Cruise Lines, Shopify, Gatorade, and the Dallas Mavericks. 


Brittany Partridge
Executive Assistant
Buffalo gal in the big city, Brittany keeps everyone on schedule and organized.


Stephanie Mejia
Customer Support Lead
NYC born and bred, Stephanie keeps a close eye on emails/DMs and comments to make sure our customers are ready for their adventures.

Deal Notes

Security Name: Class B Non Voting Stock

Minimum Number of Shares Offered: 5,000

Maximum Number of Shares Offered: 535,000

Price per Share: $2.00

Amount Raised : $939,479
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Non-voting stock is stock that provides the shareholder very little or no vote on corporate matters.

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