MAGFAST [1] is a direct-to-consumer electronics company. We design and manufacture a family of premium charging products that snap together magnetically, charge wirelessly, and support every device from every brand. Each MAGFAST charger and power bank is uniquely powerful and flexible in its own right, even more so as part of an integrated system.
Each individual MAGFAST product is designed to compete as best in its class, to bring customers into the ‘family’ when they’re buying for a specific need. To date the vast majority of our chargers have however been pre-ordered in our MAGFAST Family Pro Kit bundle of 6 chargers.
[Read More]Min Investment
$100Amount Raised
$1,057,450Goal
$10K-$1MDays Left
0Cornwall-on-Hudson, NY
CrowdLustro Research Report
MAGFAST
Industry:
General
Security Type:
Common Stock
Common stock is a security that represents ownership in a corporation.
Equity Opportunity
Date Filed:
November 19, 2020
Date Expires:
January 11, 2021
Open to Investors
Valuation Cap:
$20M
Platform:
Net Capital
Use of Proceeds
- Tooling
- Manufacturing & Materials
- Product Certification
- New Products
- Intermediary fees
Management
Seymour Segnit
Founder & President, Controlling Member of Manager - Mischievous LLC
Seymour is MAGFAST’s eclectic, experienced, passionate, highly-talented CEO. Now a leading authority on internet marketing, Seymour builds magic and drives down risk to deliver a range of products that Seymour calls 'The best work of my life'.
Amy Rau Segnit
Co-Founder & Secretary, Controlling Member of Manager - Mischievous LLC
Amy has been Seymour’s partner, in both business and life, for over a decade— lending her unique creative abilities, skills and sparkle to everything from branding to social media campaigns to product packaging.
Rich Warwick
Operations
Rich is a highly driven serial entrepreneur, two-time founder, and a veteran executive of eight venture-funded startups, where his roles were VP of Engineering & Operations, COO and CEO. Among these startups, Vignette achieved an $18B market cap and Evernote grew to over 100M customers.
Rex Northen
Investment Strategy
Rex leads MAGFAST’s investment strategy and advises on customer development. He has helped launch and run more startups than most of us will meet in 20 lifetimes: after graduating from Oxford, his first software company attracted clients like Body Shop, Honda and Shell. In Silicon Valley, he was CEO of Bizfinity, a ground-breaking online financial platform.
Bryan Lemon
Technology
Bryan leads the e-commerce and server infrastructure strategy at MAGFAST. He has led the software development teams at multiple smart-home startups and other companies over his career, with deep expertise in website performance and security.
Deal Structure
Price per Share: $10.00
Additional Reports
There are no additional research reports currently.
Key Deal Facts
- MAGFAST’s chargers and power banks are revolutionary, because they snap together magically, and charge as soon as they touch. No wires. No mess. No missing cables. They just work. A family, because, like all good families, they work together.
- We know there’s a huge demand and our customer-acquisition model is proven: we test launched MAGFAST in 2017 and pre-orders totaled over $250,000 in under 15 minutes, over $600,000 in the first 24 hours. Higher-end consumers have to-date placed pre-orders worth over $9M and we are on track for nearly $10M in pre-orders by the end of 2020.
- The global market for chargers and portable power banks is worth over $20 billion, and growing fast [2]. Yet somehow there are no great charging brands!
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