AmmoSquared, an online digital management platform for ammunition, is now seeking funds through its crowdfunding campaign on WeFunder. Founded in 2015, AmmoSquared is on a mission to change the way 94 million gun owners think about and manage ammunition by combining the physical world of ammunition with the convenience of online digital management. The company claims it already offers an ammunition subscription service designed to help customers stay stocked up on ammo. CEO of AmmoSquared Inc, Dan Morton, explained:
“Our vision of the future is that every gun owner in America will soon have two forms of ammunition: physical, that they store in their house and take to the range, and digital, which is accumulating in the background, easily exchangeable, and deliverable on demand. Currently customers can purchase ammunition in small amounts via a reoccurring subscription. It doesn’t matter whether they are buying one box or one round at a time, it all goes into their digital inventory and accumulates until the customer is ready for delivery. This subscription-based model is just the first phase of our vision.”
AmmoSquared revealed it is looking at the future of ammunition and has recently begun to raise funds in order to build a next-generation digital ammunition exchange. Chris Corriveau, CTO of AmmoSquared, stated:
“Our ultimate goal is to build a true ‘Digital Ammunition Exchange’ where individuals can purchase, store, exchange, and sell ammunition with just a few clicks online. This way, every gun owner has a backup supply of ammunition in a ‘digital’ format that is easily exchangeable and available whenever they need it. Ammunition holders will also be able to trade into, or out of, different calibers in order to take advantage of price changes in the ammunition market.”
To raise the funds, AmmoSquared is issuing Series Seed Preferred Shares to accredited and non-accredited investors. Morton added:
“We wanted to give everyone an opportunity to join us and invest in the future of ammunition. Most folks are not accredited investors so it was important to choose an equity crowdfunding platform where anyone with as little as $100 could become a shareholder in AmmoSquared. There are also great gun related perks available for those who can invest $500 or more.”
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