Magfast

Magfast

Changing Charging. For Good.

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Security Type
Common Stock
Categories
Consumer Goods & Products
Min Investment
$99
Location
Cornwall on Hudson, NY
Offering Date
November 18, 2021
Expected Close Date
December 02, 2021
Target Raise
$10.00K-$3.95M
Security Price
$14.23
Valuation
$30,003,172
Website
magfast.com/

Company Description

MAGFAST LLC [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 any smartphone, any tablet, any reader from any brand … old, new or in the future. Individually awesome, they're brilliant together. MAGFAST is one of the world's first systems of premium chargers designed to work individually, or together, by connecting to each other through unique 'snap-to-charge' technology. It really is the last charging family you'll ever need.

Every one of our six individual MAGFAST products is designed to compete as best in class, and to fulfill a specific need. To date, the vast majority of our customers have however pre-ordered our 'Pro Kit' bundle of six chargers, available together at a truly attractive price.

Key Deal Facts

Designed to be best in class for each charger and power bank individually
A wireless-magnetic family of chargers and power banks
Engineered to work consistently, reliably, every time, for years to come
Designed in every detail to be elegant as well as functional

Use of Proceeds

  • Tooling
  • Manufacturing & Materials
  • Sales, General & Administrative
  • Product Certification
  • Research & Development
  • Intermediary fees

Management Team / Advisory Board Bios

Seymour Segnit, Founder & CEO
Controlling Member of Manager - Mischievous LLC
Seymour is MAGFAST’s founder, chief product architect and passionate CEO. Now a leading authority on internet marketing, Seymour builds the customer experience and drives down risk to deliver 'The best work of my life'.

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 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 $18 billion market cap and Evernote grew to over 100 million customers.
Amount Raised : $0
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Security Description

Common stock is a security that represents ownership in a corporation.

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