Crowdonomics
All companies
GET MAINE LOBSTER BY BLACK POINT SEAFOOD logo

GET MAINE LOBSTER BY BLACK POINT SEAFOOD

Operating

Black Point Seafood, LLC

Food & Beverage · Packaged Food · Portland, ME · Founded 2016

Freshest catch delivered

Post-money valuation ⓘ
$40.9M
As of Nov 2024 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$864,661
Crowd $640K · Private $225K · 4 rounds since 2016
Latest share price
$4.02
Reg CF · Preferred Stock · Jun 2024 offering price

Financials

FY2016–FY2023 (no data for FY2019, FY2020, FY2021) · from SEC filings · hover any figure for its source
$3.1M
−$144K
2016
$3.4M
$367K
2017
$2.6M
$240K
2018
2019no data
2020no data
2021no data
$12.1M
−$602K
2022
$12.4M
−$768K
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2016 reviewed*
FY2017 reviewed*
FY2018
FY2022 reviewed
FY2023 reviewed
Income statement
Revenue
$3,143,141
$3,389,962
$2,631,163
$12,117,927
$12,398,166
Cost of goods sold
$2,283,720
$2,599,456
$2,040,296
$4,959,376
$5,209,595
Gross margin
27%
23%
22%
59%
58%
Net income
-$143,751
$367,154
$240,081
-$601,539
-$767,738
Taxes paid
$0
$0
$0
$21,010
$0
Balance sheet
Cash
$362,688
$161,446
$121,259
$1,276,005
$1,240,795
Accounts receivable
$133,659
$136,500
$34,925
$386,669
$286,203
Total assets
$699,501
$560,444
$393,205
$2,300,848
$3,210,164
Short-term debt
$848,328
$960,129
$305,912
$1,885,263
$2,874,011
Long-term debt
$274,933
$400,000
$0
$1,683,245
$2,371,800
Total liabilities
$1,123,261
$1,360,129
$305,912
$3,568,508
$5,245,811
Other
Headcount
—
1
5
—
16

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$40.5M
pre-money
Reg CF · Preferred · Jun 2024

Blue bars are the pre-money valuation the company stated for a priced round.

Fundraising history

Raised $439.7K / $618KInvestors 311Post-money $40.9M
Raised $225KInvestors 3
Raised $200K / $1M

Team

7 people
Mark MurrellFounder
Founder, CEO, Board Member

Mark Murrell founded GetMaineLobster.com in 2010 to deliver fresh Maine seafood nationwide. Expanding through strategic acquisitions and customer-focused strategies, he's served over 300K customers and is a recognized online business expert.

Mark Murell
CEO
John Peich
Chief Operating Officer

Operational excellence requires a dynamic combination of improvement techniques, balanced KPIs, change management, governance, and managing performance against financial and operational targets to deliver P&L impacting business results. Collaborative, mutually beneficial relationships that leverage team strengths have enabled me to consistently deliver simple executable solutions to complex organizational challenges by designing and implementing business operations aligned with business goals, and scaling and institutionalizing processes that improve business outcomes.

Hoyt Harper II
Brand/Marketing Advisor, Board Member

40 years of Travel, Hospitality and Premium Leisure Lifestyle experience. Investor/Advisory in the Food Service industry. 25 years with Starwood Hotels & Resorts serving as Global Brand Leader for The Luxury Collection; Global Brand Leader for Sheraton Hotels & Resorts, where I lead a $6 Billion brand revitalization; and SVP Marketing Programs where I lead the development of Starwood Preferred Guest, the most honored loyalty program within the travel industry. Recently completed a term as a Board Member for Stamford Health, a billion hospital and healthcare organization.

Nick Weiksner
Board Member (Part Time)

Nick founded South Col, an e-commerce investment firm that scales businesses for sale within 18-24 months. Previously, he was CFO at SellersFunding and served on several boards. Nick played key roles at TinyRx and SpotOn, and helped develop the 49ers’ new stadium. He holds degrees from Duke and Stanford. Nick spends time on Get Maine Lobster as needed.

Dawn Reid
Board Member

Dawn Reid is a Regional Business Director with 28 years of experience in healthcare focused on the oncology marketplace. Over the past 17 years, Dawn has had the opportunity to lead teams through 10+ product launches across 7 different tumor types with 11 products delivering consistent sales results. She is known for her passion for patients and is extremely committed to developing others. Her success is attributed to her ability to connect, empower and mobilize teams to deliver more for customers, patients and the organizations she served including Pfizer, Seagen, Genentech and J&J/Ortho Biotech.

Tim Madigan
Board Member

As a strategic and transformational executive, I build profitable businesses from the ground up, crafting winning strategies based on white space analyses that are aligned with capabilities. I drive organizational advancement as a strategic business partner, leading international expansion, launching products in new markets, and building emerging business models to achieve the next level of growth.

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 1 of 8 annual reports (FY2018–FY2025)

311 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C/ASep 16, 20240001665160-24-001315
    EDGAR
  • Form CJun 27, 20240001665160-24-001028
    EDGAR
  • Form C-TRMar 10, 20200001684004-20-000002
    EDGAR
  • Form C-ARFeb 5, 20200001684004-20-000001
    EDGAR
  • Form DNov 13, 20180001684004-18-000003
    EDGAR
  • Form C-UOct 22, 20180001684004-18-000002
    EDGAR
  • Form CAug 22, 20180001684004-18-000001
    EDGAR
  • Form DSep 15, 20160001684004-16-000001
    EDGAR
Source: ManualCIK 0001684004MEShare price $4.02

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.