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HYLETE

Operating

Hylete, Inc.

Beauty & Fashion · Solana Beach, CA · Founded 2012

Fitness Lifestyle Brand Community Built, Backed, and Driven

Post-money valuation ⓘ
$27.6M
As of Jan 2023 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$14,268,841
Crowd $8.8M · Private $5.5M · 12 rounds since 2014
Latest share price
$0.29
Reg CF · Preferred Stock · Jun 2022 offering price · down round

Financials

FY2014–FY2021 · from SEC filings · hover any figure for its source
$4.0M
−$733K
2014
$5.7M
$1.9M
2015
$6.9M
−$2.1M
2016
$8.8M
−$3.2M
2017
$11.7M
−$5.1M
2018
$12.6M
−$8.0M
2019
$11.1M
−$6.7M
2020
$9.8M
−$2.7M
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2014 reviewed*
FY2015 audited
FY2016 audited
FY2017
FY2018
FY2019 audited
FY2020 audited
FY2021 audited
Income statement
Revenue
$4,004,791
$5,732,609
$6,924,727
$8,773,025
$11,689,200
$12,565,206
$11,123,917
$9,823,712
Cost of goods sold
$1,980,287
$2,701,752
$3,255,598
$4,065,845
$5,461,090
$6,397,616
$5,591,662
$4,401,034
Gross margin
51%
53%
53%
54%
53%
49%
50%
55%
Net income
-$732,929
$1,932,222
-$2,093,802
-$3,232,973
-$5,051,354
-$8,038,499
-$6,720,662
-$2,731,787
Taxes paid
$800
$0
$800
$800
$0
$1,000
$807
$800
Balance sheet
Cash
$467,783
$671,617
$1,175,019
$616,262
$1,470,436
$1,194,314
$153,801
$59,661
Accounts receivable
$72,220
$111,652
$101,105
$2,225,136
$123,194
$188,107
$2,795,559
$3,065,154
Total assets
$1,893,283
$3,950,690
$3,440,838
$3,528,380
$6,724,708
$6,434,717
$3,879,002
$3,913,641
Short-term debt
$0
$1,989,471
$211,117
$1,948,177
$4,749,925
$314,390
$6,858,760
$124,337
Long-term debt
$0
$0
$3,032,525
$4,393,675
$4,188,778
$10,055,188
$2,684,040
$7,711,111
Total liabilities
$0
$1,989,471
$4,108,766
$6,341,852
$11,349,180
$16,827,830
$12,928,052
$11,980,951
Other
Headcount
—
17
17
17
26
28
20
23

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
$25.0M
pre-money
$26.5M
est. pre-money
$41.4M
est. pre-money
$30.4M
pre-money
$40.3M
est. pre-money
$44.8M
pre-money
$27.4M
pre-money
Reg CF · Common · Feb 2017
Reg A+ · Equity · Sep 2017
Reg A+ · Equity · Jul 2018
Reg CF · Common · Nov 2019
Reg A+ · Equity · Feb 2020
Reg CF · Common · Apr 2020
Reg CF · Preferred · Jun 2022

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

$1.75$0.875$0.29
Feb 2017Jun 2022
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Jun 2022 (-71%)

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 Apr 1, 2022
Common Stock · 17.7%Series B-1 Preferred · 33.5%Series B5 Preferred Stock · 17.7%Series B-3 Preferred · 16.1%Series B-4 Preferred · 14.2%Series B Preferred Stock · 0.91%
ClassOutstandingVotes / shareShare of totalLiquidationLast price
Common Stock15,587,941117.7%paid 3rd$0.29Jun 2022
Series B-1 Preferredpreferred29,475,339—33.5%——
Series B5 Preferred Stockpreferred15,587,941—17.7%——
Series B-3 Preferredpreferred14,142,088116.1%——
Series B-4 Preferredpreferred12,474,000—14.2%——
Series B Preferred Stockpreferred800,75210.91%——
Total88,068,061100%

Shares outstanding over timein today's share terms

47M23M0
Sep 2017Apr 2022
Class A Common StockClass B Common StockCommon StockSeries ASeries A-1 PreferredSeries A-2Series B Preferred StockRound openedSplit / conversion

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

Principal holders% as the filing states it, Jun 10, 2022

  • Black Oak Capital21,933,642 Series B-2A Preferred Stock—of votes
  • Black Oak Capital29,475,339 Series B-1 Preferred Stock—of votes
  • Black Oak Capital1,936,074 Series B-3 Preferred Stock—of votes

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 $156.5K / $1.7MPost-money $27.6M
Raised $3MInvestors 1
Raised $1.4MInvestors 2,061Post-money $46.2M
Reg A+ · Equity · Feb 2020Closedvia StartEngine
Raised $1.3M / $12MEst. pre-money $40.3M
Raised $1.1M / $1.1MInvestors 1,225Post-money $31.5M
Reg A+ · Equity · Jul 2018Closedvia WealthForge Securities, LLC
Raised $875.8K / $3.5MEst. pre-money $41.4M
Reg A+ · Debt · Mar 2018Closedvia WealthForge Securities, LLC
Raised $946K / $5M
Raised $2.1M / $6.3MEst. pre-money $26.5M
Raised $1M / $1MInvestors 1,646Post-money $26M
Raised $898.6KInvestors 55
Raised $1.3MInvestors 19
Raised $300KInvestors 1

Team

15 people
Adam ColtonFounder
CFO

Adam started his career with PricewaterhouseCoopers and has over 15 years of experience serving as a Chief Financial Officer, mostly with the consumer products space. Since April 2017, Adam has been the Chief Financial Officer of National Cardiac, Inc. From March 2016 to December 2016 he was the Chief Operating Officer and Chief Financial Officer of Lamkin Corporation, serving as its Vice President of Finance from May 2010 to February 2016. Adam was also a co-founder of Mad Dog Multimedia, Inc. which grew to over$40 million in sales. He holds a BS in Accounting from Binghamton University School of Management and an MBA from The Wharton School, University of Pennsylvania.

Matt PaulsonFounder
Co-Founder, VP of Business Development and Director

Matthew Paulson has been our Vice President, Business Development since our company’s founding in 2012. Earlier in his career, he also co-founded Xtreme Sponge, a cleaning supply company. Prior to HYLETE, Matt worked as the Director of Sales and Marketing for Jaco Clothing. He holds a BS from the Marriott School of Management, Brigham Young University, and an MBA from San Diego State University.

Ron L. Wilson, IIFounder
Co-Founder, CEO and Director

Ron L. Wilson, II has been our President, Chief Executive Officer and Chairman of the Board since our company’s founding in 2012. Ron was also the founder of Jaco Clothing, Kelysus, and 180s, which grew to over $50 million in sales and achieved a ranking of #9 on Inc. Magazine’s 500 fastest growing companies. Ron is a former Ernst & Young Entrepreneur of the Year National Finalist and a Sports & Fitness Industry Association “Top 25 Leaders in Sporting Goods”. He holds a BS in Industrial and Systems Engineering from Virginia Tech and an MBA from The Wharton School, University of Pennsylvania. Ron’s experience in the apparel industry qualifies him to serve on our board of directors.

Matthew PaulsonFounder
Co-founder
Ronald WilsonFounder
Co-founder, CEO
Jamie Wardlow
VP of Marketing

Jamie Wardlow has been our Vice President, Marketing since April 2013. Jamie is the former E-Commerce Manager at Nixon Watches and Jaco Clothing. Jamie holds a BS in Marketing from San Diego State University.

Kate Nowlan
VP of HYLETE Experience

Kate Nowlan has been our Vice President, HYLETE Experience since June 2018. Kate was the Co-Founder of GRACEDBYGRIT. She was a finalist for 2016 San Diego Woman of the Year, and Finalist for 2018 Top Business Leaders Under 40 for the San Diego Business Journal. Kate received a BA in Sociology and Psychology from the University of Massachusetts, Amherst.

Pete Dirksing
VP of Product

Pete Dirksing has been our Vice President, Product since March 2014. Prior to joining our company, from 2012 to 2014 Pete was the Director of Product at X-1 Audio and held the same positions prior to that at Jaco Clothing. Pete holds a BA from the University of California, San Diego.

Scott Kennerly
VP of Technology & Operations

Scott Kennerly has been our Vice President, Technology and Operations since October 2014. Prior to joining our company, from 2009 to 2014, Scott was the Director of Technology and E-Commerce at X-1 Audio, specializing in full-cycle e-commerce integration and business automation.

Show 6 more people
Darren Yager
Series AA Preferred Director
James Caccavo
Series AA Preferred Director
Kevin Park
Series A Preferred Director
Tracy Tuens
Independent Director
Doug Hegebarth
Director
Kurt Hanson
Director

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

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 6 of 10 annual reports (FY2016–FY2025)

2,061 investors
holder-count proxy

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

  • Form C-WJan 12, 20230001665160-23-000051
    EDGAR
  • Form C/ANov 4, 20220001665160-22-002868
    EDGAR
  • Form 1-SASep 22, 20220001683168-22-006520
    EDGAR
  • Form C/AJul 29, 20220001665160-22-002126
    EDGAR
  • Form C/AJun 15, 20220001665160-22-001807
    EDGAR
  • Form CJun 10, 20220001665160-22-001791
    EDGAR
  • Form 1-UMay 5, 20220001683168-22-003221
    EDGAR
  • Form C-AR/AMay 4, 20220001683168-22-003143
    EDGAR
Source: ManualCIK 0001599738DEShare price $0.29

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.