The Peak Ski Company is raising money from investors on Republic.
According to the offering page, Peak Ski has already raised over $900,000 on a funding goal of $1.24 million backed by 436 investors. T
The company is offering a “Crowd SAFE” with a valuation cap of $36 million. For investors, a SAFE gives the opportunity to invest, typically at a discount, at a later date, frequently at the time of an event like a priced funding round. Peak Ski is using the Reg CF securities exemption, meaning it is open to both accredited and non-accredited investors at a minimum of $250.
Peak Ski previously sought $5 million in a Reg D offering.
According to the Reg CF filing, Peak Ski generated $2.84 million in revenue in 2023, with a net loss of $6.4 million.
Olympic star Bode Miller co-founded the company along with CEO Andy Wirth. The mission of the company is to “reinvent” the way you buy your skis. while incorporating new tech in the product. The company is taking a direct-to-consumer approach and is cutting out the middleman.
“Andy and I have worked with Republic Group on other projects and have seen first-hand how this type of investment initiative can democratize, in many ways, an industry,” said Miller, Chief Innovation Officer.
The securities offering also incorporates some “perks” to boost investment. If you contribute over $100,000, you get a semi-private ski lesson with Miller, along with some other benefits.
Mens Journal gave the company a nice shoutout last December describing the Peak 98 skis produced by the company as the Best Ski for Power and Speed.
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