Camp365

The camper that goes everywhere

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Security Type
Non-Voting Equity
Categories
Travel, Consumer Goods & Products, Art & Collectibles
Min Investment
$300
Location
EDEN PRAIRIE, MN
Offering Date
March 12, 2021
Expected Close Date
March 22, 2023
Target Raise
$10.00K-$2.50M
No. Investors
122
Security Price
$0.90
Deal Notes

Price Per Share: $0.65

Valuation
$30,763,916
Website
camp365.com
Number of Employees
18
Cash
$17,323
Revenue
$879,322
Short Term Debt
$4,370,848
Cost of Goods
$1,673,565
Long Term Debt
$842,121
Net Income
$-2,227,352

Company Description

Camp365 designs and manufactures a new type of compact, towable camper that is allowing more people to enjoy camping and outdoor recreation without changing their everyday lifestyle. Our aerodynamic, ultra-lightweight camper can be towed by almost any car or UTV, while the compact design allows it to be easily stowed in a garage.

Key Deal Facts

Growing category in a huge market - Global RV and camper retail revenues totaled approximately $42 billion in revenue in 2019 with a projected CAGR (Compounded Annual Growth Rate) of 7% through 2025, and the greatest growth in lightweight and ultra-lightweight towable products.
Disruptive product with strong growth - We have seen 9X revenue growth between 2018 & 2020 And just broke ground on a third manufacturing facility
Impressive IP Portfolio - Our proprietary design has been awarded 10 separate US and Canadian patents with other US & foreign patents pending

Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments.

Management Team / Advisory Board Bios

Kevin McGregor, Founder, Director & CEO
A lifelong entrepreneur and the Company's visionary, Kevin founded One Tech Engineering in 1999 to provide professional engineering solutions around the country. Kevin enjoys starting companies, developing their business models, and creating inspiring and productive work environments. A graduate of the University of Wisconsin-Eau Claire with a B.A. in Finance and Economics, Kevin is an avid angler, hunter, backcountry snowmobiler, and barefoot water-skiing competitor.

Cedar Vandergon, Founder & Director
Cedar designs and sources the key technologies and components for the Camp365 product and assists with engineering, design, manufacturing planning, and business strategy. Cedar serves as Waterjet Engineering Manager at Hypertherm in Minneapolis, Minnesota. Cedar studied Mechanical Engineering in 2001 from the University of Minnesota. Cedar's many outdoor interests include deer and pheasant hunting, camping, fishing (ice, shore, and boat), canoeing, biking, kayaking, and skiing.

Robert Graumann, Chief Operations Officer (Consultant)
Robert is an experienced leader known for increasing enterprise value by transforming operations, sales, and company culture. He challenges the status quo to create and execute strategies that build profitable ventures from the ground up and revitalize businesses into more competitive enterprises. Robert leverages his broad leadership background from both manufacturing and consulting to drive growth and profitability improvement. He has a proven, 25-year track record in delivering market share expansion, operational improvement, and product portfolio innovation.

Ron Leander, Fractional Chief Financial Officer (Consultant)
Ron is a veteran financial leader with a unique mix of large and small business experience. He has spent time in corporate America, working for 3M, Medtronic and Josten's, growing these stellar companies and increasing profitability. The next step in his career was the creation of Leander Limited, a CPA and Business Development firm. Over the past 39 years, the firm has provided accounting and income tax services, primarily to emerging companies. Ron was most recently the CFO of an emerging company where revenues grew by $50,000,000 in four years. Ron graduated from Minnesota State University Moorhead.

Deal Notes

Price Per Share: $0.65

Amount Raised : $130,680
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Security Description

Non-voting stock is stock that provides the shareholder very little or no vote on corporate matters.

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