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Overfunding
Capital at risk
overfunding
The SkunkWorks Surf Company Ltd.
  • Equity
days left
21
115%
Raised
£403,550
Investors
190
Target
£350,000
Equity
11.86%
Pre-money valuation
£3,000,000

SkunkWorks Surf Co have developed a patent-pending heat-bonding technology to solve one of the biggest problems in the $7.4bn surfing industry. Founders (and brothers) Ricky and Chris Martin have assembled a team of 14, opened a 16,000sq ft factory and are aiming to revolutionise the surf industry.

  • Innovative, Award-winning Engineering company with 4 patents pending
  • Exported to 8 European countries in 2017
  • Production capacity projected to 4060 boards in 2018 (516% increase)
  • Experienced Board with Manufacturing and Marine Leisure expertise.

Idea

SkunkWorks Surf Co aim to create the most robust surfboards and stand-up-paddleboards globally whilst minimizing our impact on the environment.

The biggest surf school expense is the annual replacement of boards due to the poor quality of products in the marketplace. Failure occurs from the use of glue and poor quality materials. Glue hates everything about surfing from sun to sand & saltwater.

Removal of adhesives and the introduction of new materials differentiates SkunkWorks from its competitors. In addition SkunkWorks believe they manufacture the most environmentally friendly soft surfboard on the market and have a goal to be 'waste free' by 2020.

The global market for surfing was estimated at US$7.4bn in 2017 and is projected to reach US$9.5bn by 2022 (compounded annual growth rate 4.1%). In our experience the 'soft surfboard' market is one of the fastest growing segments and SkunkWorks is at the centre of its revolution, highlighted in over 50 media articles.

3 years R&D and an initial investment saw the company move to their new factory, set-up & refine production, train a team and export boards throughout Europe. 2018 will see continued expansion into the European market, expansion of the product range and the tripling of our production rate.

Disclosure: The company has director's loan.

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