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SWELL WATERCRAFT LLC logo

SWELL WATERCRAFT LLC

Operating

Swell Watercraft LLC

Retail & Consumer · Founded 2016

Visit website

Invest in the future of roto molding and small boats

Valuation cap ⓘ
$8.0M
As of Jul 2022 · from Reg CF Offering (2022) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$152,137
Across 2 rounds since 2022

Financials

FY2020–FY2024 · from SEC filings · hover any figure for its source
$158K
−$72K
2020
$282K
$79K
2021
$221K
−$146K
2022
$105K
−$17K
2023
$226K
−$184K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed*
FY2021 reviewed*
FY2022
FY2023
FY2024
Income statement
Revenue
$158,487
$282,472
$220,856
$105,293
$226,013
Cost of goods sold
$118,146
$215,806
$212,197
$35,334
$328,590
Gross margin
25%
24%
4%
66%
-45%
Net income
-$71,650
$79,183
-$146,349
-$17,337
-$184,011
Taxes paid
$0
$0
$2,899
$243
$242
Balance sheet
Cash
$5,840
$18,443
$0
-$1,885
$60,781
Accounts receivable
$10,455
$0
$0
$0
$0
Total assets
$89,844
$94,616
$0
$103,225
$20,672
Short-term debt
$14,018
$86,683
$0
$72,926
$68,447
Long-term debt
$0
$14,116
$0
$17,605
$150,618
Total liabilities
$14,018
$100,799
$0
$90,532
$219,065
Other
Headcount
—
1
0
1
1

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

Valuation caps on SAFE / convertible note rounds
$8.0M
Valuation cap
Reg CF · SAFE · Apr 2022

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Cap table

Principal holders% as the filing states it, Apr 15, 2025

  • James Jeffrey Marsh51.0%of company
  • Kerri Marsh23.2%of company
  • Thomas Marsh23.2%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

Reg CF · SAFE · Nov 2025Closedvia WeFunder
Raised $0 / $124K
Reg CF · SAFE · Apr 2022Closedvia WeFunder
Raised $152.1K / $1MInvestors 82Valuation cap $8M

Team

1 person
James J MarshFounder
CEO and Founder at Swell Watercraft

Names and titles as disclosed on 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 3 of 4 annual reports (FY2022–FY2025)

82 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 CNov 7, 20250001920292-25-000005
    EDGAR
  • Form C-ARApr 15, 20250001920292-25-000001
    EDGAR
  • Form C-ARApr 15, 20250001920292-25-000002
    EDGAR
  • Form C-ARDec 5, 20230001920292-23-000002
    EDGAR
  • Form CApr 4, 20220001670254-22-000275
    EDGAR
Source: ManualCIK 0001920292

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.