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Security Type
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Debt
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Categories
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Retail, Entertainment, Technology, Community & Lifestyle, Sports & Fitness
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Min Investment
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$100
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Offering Date
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June 29, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$50.00K-$1.07M
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No. Investors
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89
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Security Price
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$1
- Number of Employees
- 8
- Cash
- $-3,355
- Revenue
- $3,243,686
- Short Term Debt
- $779,464
- Cost of Goods
- $1,601,582
- Long Term Debt
- $317,549
- Net Income
- $-409,868
Company Description
HoloGear’s mission is to become the most innovative, tech-driven sporting goods and apparel company in the world. We plan to continue revolutionizing and enhancing the experience of nighttime athletics with our proprietary, holographic technology. Our vision is to enable people with the freedom and safety to pursue their athletic goals, regardless of the time of day, and provide them with the opportunity to play sports and be active at night.
Key Deal Facts
Total sales of $6+ million in two years of business.
Retail partners with Dicks Sporting Goods, Modells, and Scheels.
Patent officially granted by USPTO.
Expanded inventory line from one sport ball to all popular sport balls and activewear.
Increased sales by 407% from 2019 to 2020.
Raised $100k at a $5 mill valuation one year ago with Cuse Capital, who are actively involved.
Shipped out over 100k orders since inception.
Net profit rose from $40,000 in 2019 to $90,000 in 2020.
Use of Proceeds
HoloGear will utilize the funds to purchase larger amounts of inventory, which support and scale our current sales channels.
Management Team / Advisory Board Bios
Ryan Richards, President and Co-Founder
Ryan Richards came up with the idea for HoloGear and wears many hats as the President. He played a primary role in securing a $100,000 investment at a $5 million evaluation. Ryan has also driven over $500,000 in sales via email marketing.
Jonah Belanger, CEO and Co-Founder
Jonah has expert-level skills in digital advertising and website development. He generates close to 70% of HoloGear's sales through Facebook and Instagram advertising. Jonah also plays a key role with R&D and supply chain management.
Chris Sosong, COO
Chris has over 20 years of extensive experience in the consumer goods market. He has developed products for and sold to 17 of the world’s top 20 retailers including Target, Dick’s Sporting Goods, Walmart, and REI.
Reveal the Score by Voting
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The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.