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Whipr

Out of Business

Whipr, Inc.

Sports & Recreation · Oceanside, CA · Founded 2020

Paddle, Ski, Row + A full-sized workout, stored next to your sneakers. Whipr is a portable ERG machine designed for Paddle, Row, Ski, Swim, Surf, Kayak, Canoe, Dragon Boat & multi sport training.

Post-money valuation ⓘ
$21.3M
As of Dec 2021 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$1,350,356
Across 1 round since 2021
Latest share price
$1.15
Reg CF · Common Stock · Jun 2021 offering price

Financials

FY2019–FY2021 · from SEC filings · hover any figure for its source
$0
2019
$0
−$1.3M
2020
$13.7M
$909K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 audited*
FY2020 unaudited
FY2021 unaudited
Income statement
Revenue
$0
$0
$13,684,511
Cost of goods sold
$0
$0
$4,479,438
Gross margin
—
—
67%
Net income
$0
-$1,255,074
$909,423
Taxes paid
$0
$345
$12,549
Balance sheet
Cash
$0
$2,699,060
$236,310
Accounts receivable
$0
$284,240
$0
Total assets
$0
$3,178,796
$1,772,832
Short-term debt
$0
$4,369,371
$290,827
Long-term debt
$0
$63,000
$866,564
Total liabilities
$0
$4,432,371
$1,157,391
Other
Headcount
—
4
4

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
$20.0M
pre-money
Reg CF · Common · Jun 2021

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

Cap table

Share counts as of Dec 31, 2020
ClassOutstandingVotes / shareShare of totalLast price
Common Stock1,765,000—100.0%$1.15Jun 2021

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 $1.4M / $2.5MInvestors 1,294Post-money $21.3M

Team

14 people
Luke TippleFounder
CEO

Luke is the founder of whipr. The idea came to him as he was working for Discovery Channel hosting Shark Week shows and he needed a fitness device to take on the road with him. Luke is a marine biologist and shark expert who transitioned into television hosting and then became the Executive Producer for several production companies. Whipr, Inc. is now his primary focus.

Richard Little
COO

I enable organizations to transform, revive, and thrive. My career has been devoted to mastering the full manufacturing and supply chain life cycle and I now leverage my knowledge and experience to help manufacturing companies optimize their people, processes, and profits. Having worked my way up from Production Coordinator to COO, I am passionate about empowering people. My leadership style is to lead by example and inspire others to excel. There’s nothing more satisfying than helping people and organizations achieve greatness.

Adrian Lee
Director of Global Supply Chain

Adrian manages all aspects of production and product development for whipr. He is an industry leader in the consumer product goods industry with over 15 year’s experience. His knowledge in all aspects of global supply chain management, and working with various national retail chains have given him valuable insight into the overall industry. Adrian is a full-time employee of whipr.

Margaret Fortner
Head of Growth

Margaret is an experienced growth manager and has over $100mm in lifetime performance and branding-focused marketing spends across Paid Search, Paid Social, Programmatic Display, Out of Home (OOH), and Digital Video. Margaret is a contractor and works 5-10 hours a week for whipr.

Braxton DeCamp
Financial Analyst

Braxton is an experienced FP&A Analyst with a demonstrated history of working in the financial services and technology industries. He's also an avid CrossFit member and was originally a customer of whipr before joining the team. Braxton is a contractor and works 5-10 hours a week for whipr.

Chris Freeman
Advisor and product design

Chris is the Co-Founder & Owner of Black Project Hawaii, manufacturers of arguably the world's best high-performance paddles and fins. Chris serves as a highly valued advisor and product designer for whipr.

David Riley
Design Leadership

David is the Director of Design Innovation at Shape Products Inc. and one of the lead designers on Whipr's products. He works for Shape Industries who is the contracted lead product design agency for Whipr, Inc.

Jeroen Molinger
Medical applications advisor

Jeroen is program director of the LEEP-COVID Research Taskforce and Senior Lead Clinical Exercise Physiologist at Duke University Medical Center. He joined whipr as an on-call advisor to guide future medical applications and provide counsel on the required technoloigy for integrations into existing medical programs.

Jordan Sansom
Design Project Lead

Jordon is one of the first people to see whipr and has helped realize its development from the back of the napkin inception through to production. He has a decade of experience working with different organizations and brands to help bring new ideas to market. He works for Shape Industries who is the contracted lead product design agency for Whipr, Inc.

Show 5 more people
Rebecca Tipple
Partner

Rebecca is married to the founder and co-owner of ARLU Investments, the princple share holder.

Rich Froning Jr
Advisory Board Member & Partner

Rich Froning Jr. is an American professional CrossFit athlete known for his achievements in participating in the CrossFit Games. He became the first person to win the title of "Fittest Man on Earth" four times with his first-place finish in the 2011, 2012, 2013, and 2014 CrossFit Games. Rich is a Board Member and Partner and not an employee of whipr.

Ron Tsang
Design and Prototype leadership

Ron is the owner of Shape Products LLC, whipr's product design agency.

Scott Mautner
Legal Council

Scott is a transactional attorney and outsources general counsel specializing in technology, media, and telecom. Formation and governance of companies, risk management, and regulatory compliance. Mergers and acquisitions. Scott is on-call counsel for Whipr.

Tiziano Cousineau
Primary Designer

Tiziano Cousineau is the primary designer for whipr's products. He's passionate about all things mechanical and the fitness space. He works for Shape Industries who is the contracted lead product design agency for Whipr, Inc.

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 requiredDissolved / liquidated

Filed 1 of 5 annual reports (FY2021–FY2025)

1,294 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-TRNov 22, 20230001665160-23-001957
    EDGAR
  • Form C-UOct 5, 20220001665160-22-002615
    EDGAR
  • Form C-ARApr 27, 20220001665160-22-000903
    EDGAR
  • Form C-UDec 15, 20210001665160-21-002185
    EDGAR
  • Form C/AOct 12, 20210001665160-21-001797
    EDGAR
  • Form C/ASep 23, 20210001665160-21-001687
    EDGAR
  • Form CJun 17, 20210001665160-21-001048
    EDGAR
Source: ManualCIK 0001861510DEShare price $1.15

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.