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Poseidon AmphibWorks

Operating

Poseidon AmphibWorks Corporation

Software & AI · Miami, FL · Founded 2022

Electric amphibious vehicles

Post-money valuation ⓘ
$10.6M
As of Sep 2022 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$18,992
Across 1 round since 2022
Latest share price
$1.25
Reg CF · Common Stock · May 2022 offering price

Financials

FY2020–FY2023 · from SEC filings · hover any figure for its source
$0
2020
$0
2021
$0
2022
$0
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed*
FY2021 reviewed
FY2022 reviewed
FY2023 reviewed
Income statement
Revenue
$0
$0
$0
$0
Cost of goods sold
$0
$0
$0
$0
Net income
$0
$0
$0
$0
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$0
$6,940
$6,940
$439
Accounts receivable
$0
$0
$0
$0
Total assets
$0
$0
$0
$0
Short-term debt
$0
$0
$0
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Long-term debt
$0
$0
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$0
Total liabilities
$0
$0
$0
$0
Other
Headcount
—
2
2
2

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
$10.6M
pre-money
Reg CF · Common · May 2022

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

Cap table

Principal holders% as the filing states it, Sep 6, 2023

  • when25.0%of company
  • Andres Langesfeld12.0%of company
  • Steve E. Tice12.0%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 $19K / $1.1MInvestors 26Post-money $10.6M

Team

3 people
Andy LangesfeldFounder
V.P. Amphibious Operations, Co-Founder, Director

Mr. Langesfeld has been involved with vehicles that moved through the water, skimmed the water, flew just above the water, or had the ability to operate both on land and water. (Hovercrafts, foiling vessels, several amphibious airplanes, amphibious cars, and amphibious buses). During different parts of his life, he was an FAA-certified pilot, a commercial hovercraft captain, a seaplane ultralight flight instructor, and an amphibious passenger vessel Captain with thousands of hours logged in different brands of large amphibious vehicles. He has also owned, restored, and upgraded different brands of amphibious cars eventually becoming the go to person for the Watercar Panthers since the factory stopped production in 2018, which he still does today. Amphibious vehicle design and operational expert - He has been operating mainstream water sport tourist attractions since 1989 with the last 15+ years dedicated to amphibious buses / duck tours in Miami and Fort Lauderdale. As part of running amphibious bus tours, Captain Andy oversaw the training tourist operators around the world. He has consulted for search and rescue operations in the U.S. He has sold, trained, serviced and consulted for 1-2-4 seat vehicle companies such as Gibbs, Watercar. Currently one of his companies focuses at Watercar (https://car-boat.com/) and Service. He has serviced and maintained several of the later Watercar Panthers sold in the US and currently use an amphibious Watercar several days a week to commute, train new owners or educate people on the advantages of owning a street-legal, coastguard certified amphibious vehicle. He has also consulted for one of the world leaders in high performance road and sea amphibian manufacturers, Gibbs Technologies for 2 years. In addition, even after Watercar stopped production in 2018 -and he still managed to sell most of their 2018 production inventory - that is how high the demand was and STILL IS, even at the $150+k price point and a maintenance intensive design. He also runs the Miami Land and Sea company, which has operated commercial amphibious buses in Miami for almost a decade. His company has also restored, repaired and sold several amphibious vehicles for other operators. While based in Miami, Fl. he has contributed to the set up of amphibious tour businesses in the Caribbean, Cayman Islands, Hawaii and Guam. Hovercraft experience - He has imported and represented this brand (Hovery) He has also made improvements to this single seater which started as a single engine and evolved into a twin engine.

Steve E. TiceFounder
CEO, CTO, President & Director

38+ years’ experience in state-of-the-art technology, electric powertrain design, interactive entertainment, software development, project management, operations management, product development, and marketing. He has excelled at leading creative, business, managerial, and technical teams to achieve and exceed goals. Proficiency in technical design, engineering, and development of products and tools spanning aerospace, hybrid and electric vehicles, video game systems, digital animation, web apps, 3D graphics, and more - he has Masters of Aeronautical Engineering with Minors in CAE and Management from RPI (Rensselaer Polytechnic Institute). Co-designed and led analysis and simulation of a unique and novel series hybrid electric vehicle at RPI in 1978. Co-founded technology milestone companies like EVDrive and QuantumWorks in electric powertrains and real time computer graphics companies like SimGraphics Engineering (all still in business today) and Virtual Celebrity Productions. Designed and managed development of an AWD 4 motor UTV capable of unique torque vectoring functions like zero radius turns, at MotoVox, a big box powersports oem. Developed groundbreaking software, content, and tools for industry giants such as Nike, P&G, AT&T, Hasbro, Sci-Fi Channel, Northrop, Nintendo, IBM, and Rockwell International. Astute, decisive, and able to translate executive leadership expertise to multiple business sectors. Leverage advanced technical acumen to establish credibility with prospective new clients or partners. Possess dynamic communication, negotiation and relationship management skills, with talent for defining and capitalizing on client needs. Insightful, resourceful, and adept at leading development and execution of high-impact marketing and business development strategies to achieve specific company objectives. Considerable expertise in strategic planning, resource optimization, and P&L management. Able to inspire high-performance teams to achieve aggressive revenue and profit goals. Highly skilled at connecting with, inspiring, and managing people from diverse cultural backgrounds. Excels at defining, developing, and collaboratively guiding business strategy and company direction.

Andres Diego Langesfeld
Director

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 4 annual reports (FY2022–FY2025)

26 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-TRMay 6, 20240001924694-24-000001
    EDGAR
  • Form C-AR/ASep 6, 20230001924694-23-000003
    EDGAR
  • Form C-ARSep 6, 20230001924694-23-000001
    EDGAR
  • Form C-USep 8, 20220001665160-22-002364
    EDGAR
  • Form C/AAug 5, 20220001665160-22-002167
    EDGAR
  • Form CMay 10, 20220001665160-22-001622
    EDGAR
Source: ManualCIK 0001924694FLShare price $1.25

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.