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Helix Fitness

Operating

Helix Fitness, Inc.

Sports & Recreation · Boston, DE · Founded 2021

The most effective cardio products ever built

Post-money valuation ⓘ
$28.4M
As of Jan 2022 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$403,710
Across 1 round since 2021
Latest share price
$2.00
Reg CF · Common Stock · Jul 2021 offering price

Financials

FY2019–FY2021 · from SEC filings · hover any figure for its source
$1.6M
−$363K
2019
$3.9M
−$514K
2020
$7.5M
−$92K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed
FY2020 reviewed
FY2021 unaudited
Income statement
Revenue
$1,621,478
$3,943,841
$7,548,000
Cost of goods sold
$669,678
$1,176,801
$2,564,671
Gross margin
59%
70%
66%
Net income
-$363,372
-$513,902
-$92,301
Taxes paid
$0
$581
$1,734
Balance sheet
Cash
$8,632
$256,942
$361,969
Accounts receivable
$131,584
$113,763
$153,476
Total assets
$844,791
$1,050,769
$1,701,956
Short-term debt
$655,452
$395,776
$583,437
Long-term debt
$500,491
$1,364,094
$1,705,770
Total liabilities
$1,155,943
$1,759,870
$2,289,207
Other
Headcount
—
7
9

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
$28.0M
pre-money
Reg CF · Common · Jul 2021

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

Fundraising history

Raised $403.7K / $1.1MInvestors 142Post-money $28.4M

Team

6 people
Lenny SnydermanFounder
CEO, President, Treasurer, Secretary, and Director

Mr. Snyderman is a competitive cyclist and the inventor of lateral training. In a career spanning 28 years both in the United States and Europe, he has been a fitness industry leader with a background in new product development as well as sales and marketing for both brick & mortar retailers and Infomercial/DRTV for world-famous brands and fitness IP. Mr. Snyderman’s extensive manufacturing expertise in Taiwan and China and his Mandarin language skills confer an edge in bringing products to the market at above industry average margins.

Leonard Snyderman
CEO, Principal Executive Officer and Director, Principal Financial Officer and Principal Accounting Officer
Lisey Good
Director of Marketing

Ms. Good has over 25 years of experience in direct response and consumer product marketing in the fitness, health, and beauty categories. She served as Director of Marketing for the world’s largest direct response company in the 1990s, bringing new products to market and managing campaigns with sales totaling over $250million. Her background in fitness marketing includes directing the introduction of the Gold’s Gym brand into Europe, for which she received the “Marketer of the Year” award for the entire UK sporting goods industry.

Robert Baumgartner
Customer Service, and Technical Support Specialist

Mr. Baumgartner has nearly 20 years of experience in managing and developing customer service and technical support systems in both the fitness industry as well as software development businesses. Mr. Baumgartner’s years of customer service are crucial as an important foundational requirement for any direct- to-consumer venture. A former resident of Taiwan, Mr. Baumgartner is fluent in Chinese giving him a valuable asset in our international communications.

Scott Logan
Sales Director

A 35-year specialty fitness industry veteran of marketing, promoting, and managing brick & mortar and specialty fitness dealers, Mr. Logan has been employed in the sports industry in all aspects of management, from product development, marketing, sales management, and PR. He has unprecedented knowledge and expertise in the promotion and brand building of some of the world’s most famous fitness brands.

Spencer Pingel
Strategic Global Advisor

Spencer Pingel is recently retired from a 30-year career in Marketing at The Colgate Palmolive Company where he held senior leadership positions, including Vice President Global Design and Packaging, Vice President Consumer Insights and Analytics, and General Manager U.S. Oral Care. Mr. Pingel has extensive international experience, with previous posts in Paris, Warsaw, and Mexico City. He is fluent in Spanish and received his MBA from Columbia University.

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 requiredFewer than 300 holders of record

Filed 1 of 5 annual reports (FY2021–FY2025)

142 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-UOct 4, 20220001665160-22-002592
    EDGAR
  • Form C-ARMay 2, 20220001665160-22-001432
    EDGAR
  • Form C-UJan 11, 20220001665160-22-000075
    EDGAR
  • Form CJul 13, 20210001665160-21-001232
    EDGAR
Source: ManualCIK 0001863978DEShare price $2.00

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.