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GolfSuites 1, Inc.

Raising nowOperating

Sports & Recreation · Riverview, FL

GolfSuites 1 owns and operates outdoor golf driving range entertainment centers with climate-controlled suites, gamified golf, restaurants and bars, and event space. It plans indoor golf simulator lounges and a franchising arm, with facilities in Lubbock and Baton Rouge and more in development.

Raising nowRaising now

This company has an open fundraising round.

$0 raised
View the live round
Estimated pre-money ⓘ
$289.0M
As of Mar 2025 · from Reg A Offering (2025) · our estimate: offering price × shares outstanding, not a stated valuation
Total raised
$4,841,385
Crowd $4.7M · Private $115K · 7 rounds since 2019
Latest share price
$15.00
Reg A+ · Equity · Mar 2025 offering price

Financials

FY2017–FY2023 · from SEC filings · hover any figure for its source
$0
2017
$0
−$684K
2018
$976K
−$1.0M
2019
$4.5M
−$685K
2020
$8.9M
−$698K
2021
$9.1M
−$1.2M
2022
$10.0M
−$1.7M
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2017 audited
FY2018 audited
FY2019 audited
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
Income statement
Revenue
$0
$0
$976,063
$4,547,636
$8,853,965
$9,071,791
$9,950,735
Cost of goods sold
$0
$0
$257,577
$810,764
$1,246,701
$1,469,968
$1,488,895
Gross margin
—
—
74%
82%
86%
84%
85%
Net income
$0
-$683,814
-$1,042,654
-$684,513
-$697,690
-$1,185,551
-$1,704,347
Balance sheet
Cash
$180
$180
$32,866
$538,519
$674,144
$227,442
$804,932
Accounts receivable
$0
$0
$12,499
$64,434
$386,581
$54,467
$610,901
Total assets
$3,513
$3,513
$7,818,039
$19,565,744
$21,177,174
$23,696,232
$33,348,807
Long-term debt
$0
$0
$0
$18,157,275
$18,074,978
$6,855,532
$6,855,532
Total liabilities
$65,655
$86,854
$8,562,739
$20,148,159
$20,181,789
$18,628,680
$29,021,918
Other
Headcount
0
0
200
200
200
80
175

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
$90.0M
est. pre-money
$137.1M
est. pre-money
$90.0M
est. pre-money
$233.6M
est. pre-money
$191.7M
est. pre-money
$289.0M
est. pre-money
Reg A+ · Equity · Jan 2019
Reg A+ · Equity · Jan 2021
Reg A+ · Equity · May 2019
Reg A+ · Equity · Mar 2022
Reg A+ · Equity · Oct 2023
Reg A+ · Equity · Mar 2025

Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$15.00$7.50$5.00
May 2019Mar 2025
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines, and each class is drawn as its own line.

Cap table

Share counts as of Mar 25, 2025
Class A Common Stock · 1.68%Class B Common Stock · 98.3%
ClassOutstandingVotes / shareShare of totalVotesLiquidationDividendLast price
Class A Common Stock308,46111.68%0.34%paid 2nd8% cumulative$15.00Mar 2025
Class B Common Stock18,000,000598.3%99.7%——$7.50Jan 2021
Total18,308,461100%100%

Shares outstanding over timein today's share terms

19M9.5M0
Jan 2019Oct 2023
Class A Common StockClass B Common StockPreferred StockRound opened

Changes in named holdersshares in today's terms · % of all shares at the time

Principal holders% as the filing states it, Mar 25, 2025

  • As of March205,354 Class A Common Stock95.0%of company
  • GolfSuites, Inc.17,100,000 Class B Common Stock95.0%of Class B
  • Gerald Ellenburg215,000,000 Common Stock29.2%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $0 / $33MEst. pre-money $289M
Reg A+ · Equity · Oct 2023Closedvia DealMaker
Raised $0 / $60MEst. pre-money $191.7M
Reg A+ · Equity · Mar 2022Closedvia DALMORE GROUP LLC
Raised $0 / $25MEst. pre-money $233.6M
Raised $115.5KInvestors 39
Raised $1.3M / $50MEst. pre-money $90M
Reg A+ · Equity · Jan 2021Closedvia DALMORE GROUP LLC
Raised $3.4M / $48.8MEst. pre-money $137.1M
Reg A+ · Equity · Jan 2019Withdrawnvia Sageworks Capital, LLC
Raised $0 / $50MEst. pre-money $90M

Team

2 people
Gerald Ellenburg
CEO, Director, Secretary, Treasurer
Ryan Ellenburg
Director

Names and titles as disclosed on SEC Form 1-A. Bios and photos come from the platform campaign page and may be out of date.

  • Form 1-UApr 30, 20250001104659-25-042505
    EDGAR
  • Form 253G2Mar 26, 20250001104659-25-028268
    EDGAR
  • Form QUALIFMar 26, 20259999999994-25-000056
    EDGAR
  • Form 1-A/AMar 25, 20250001104659-25-027327
    EDGAR
  • Form 1-AMar 11, 20250001104659-25-022572
    EDGAR
  • Form 1-SADec 13, 20240001104659-24-128444
    EDGAR
  • Form 253G2Dec 13, 20240001104659-24-128513
    EDGAR
  • Form 1-USep 30, 20240001104659-24-104385
    EDGAR
Source: SEC EDGARCIK 0001765347DEShare price $15.00Last synced Aug 16, 2026

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.