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The SMART Tire Company

Operating

SMART Tire Company, Inc.

Transportation · Akron, CA · Founded 2020

World's first high performance airless tire made from space-age materials @ NASA

Post-money valuation ⓘ
$55.6M
As of Apr 2024 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$2,482,972
Across 4 rounds since 2021
Latest share price
$5.00
Reg CF · Preferred Stock · Feb 2023 offering price

Financials

FY2019–FY2024 · from SEC filings · hover any figure for its source
$0
2019
$0
−$8K
2020
$0
−$436K
2021
$101K
−$715K
2022
$240K
−$622K
2023
$290K
−$411K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 audited
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 unaudited
FY2024 audited
Income statement
Revenue
$0
$0
$0
$100,895
$240,319
$290,086
Cost of goods sold
$0
$0
$0
$10,243
$48,196
$204,930
Gross margin
—
—
—
90%
80%
29%
Net income
$0
-$7,586
-$436,449
-$715,155
-$622,499
-$411,488
Taxes paid
$0
$0
-$170
$697
$0
$83,707
Balance sheet
Cash
$0
$1,071
$845,099
$19,410
$261,986
$51,870
Accounts receivable
$0
$0
$0
$100,895
$45,776
$0
Total assets
$0
$1,071
$969,754
$348,377
$480,726
$310,912
Short-term debt
$0
$599
$41,661
$41,053
$6,737
$218,593
Long-term debt
$0
$0
$1,365,976
$1,365,976
$52,295
$21,243
Total liabilities
$0
$599
$1,407,637
$1,407,029
$59,032
$239,836
Other
Headcount
—
3
3
4
4
5

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
$50.0M
Valuation cap
$50.0M
pre-money
$54.5M
pre-money
Reg CF · SAFE · May 2021
Reg CF · Preferred · Jan 2022
Reg CF · Preferred · Feb 2023

Blue bars are the pre-money valuation the company stated for a priced round. Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth, so don't compare them with the other bars.

Share price over rounds

$5.00$2.50$4.60
Jan 2022Feb 2023
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.

Cap table

Principal holders% as the filing states it, May 2, 2022

  • Brian Yennie4,500,000 Common Stock50.0%of
  • Earl Cole4,500,000 shares50.0%of its class

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

Testing the WatersAbandonedvia WeFunder
Raised —
Raised $0 / $5M
Raised $1.1M / $4.9MInvestors 1,629Post-money $55.6M
Raised $53.2K / $3.7MInvestors 150Post-money $50.1M
Reg CF · SAFE · May 2021Closedvia WeFunder
Raised $1.3M / $5MInvestors 1,775Valuation cap $50M

Team

7 people
Brian YennieFounder
CTO

A technology leader from diverse startups across education, gaming, manufacturing and blockchain, Brian studied computer science at Dartmouth College before joining his first startup at 19. Runs CelticsStrong.com to feed his Boston sports addiction.

Earl ColeFounder
CEO

A senior executive, entrepreneur and producer, who studied business & entrepreneurship at the University of Washington and Stanford. Worked with mega brands Disney, Sony, Google, Honda, and CBS, and is the first ever unanimous winner of Survivor.

Jim Benzing
Principal Engineer

40+ years @ Goodyear Tires. Lead innovator for R&D 100 Award winning invention (Spring Tire), and co-inventor of the Superelastic Tire.

Karen Jones
Advisor / Enterprise Operations

Executive MBA with 20+ years experience working for the government in supply chain logistics and employee relations. Enterprise operations for the FAA in dealing with businesses, government and labor regulations within the aviation industry.

Monica Kang
Advisor, Environmental Science

Experienced lawyer in both federal and state (Los Angeles Superior Court) legal systems with a background in insurance, employment, trademark & patent law. BS in Biology (Applied Ecology) & BA in Environmental Engineering.

William Farah
General Counsel, Business Development

Patent protector, legal enforcer and investment deal maker. General Counsel @ SOS Ventures

Angela Helin
Advisor

Principal Loads Engineer @ SpaceX

Names and titles as disclosed on 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 3 of 5 annual reports (FY2021–FY2025)

1,775 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 CMay 16, 20250001670254-25-000586
    EDGAR
  • Form C-ARApr 29, 20240001670254-24-000493
    EDGAR
  • Form C-ARMay 1, 20230001670254-23-000483
    EDGAR
  • Form C/AApr 26, 20230001670254-23-000414
    EDGAR
  • Form CFeb 16, 20230001670254-23-000128
    EDGAR
  • Form C-UJul 7, 20220001665160-22-001987
    EDGAR
  • Form C-ARMay 2, 20220001665160-22-001423
    EDGAR
  • Form C/AApr 6, 20220001665160-22-000615
    EDGAR
Source: ManualCIK 0001854861DEShare price $5.00

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.