tent
tent

Saranac Lake, New York

Crua Outdoors

Background

Founded in Ireland in 2014, the company develops technically advanced, patent pending insulated tents and related products for both the recreational and E&P markets.

Initial Contact and Pitch Session

Spring 2015 with Investor meeting July 14, 2015

Investment

$262,500 intial convertible debt deal with follow-on investment of $57,500

Job Creation and Benefits

Two employees (FTE) and is expected to grow to 3.5 FTE in 2019. To date benefits include many  intangibles - pride in seeing the company grow and gain value as its valuation has increased from just over $1 million to over $6.5 million, and the satisfaction of helping an entrepreneur succeed. The Point Positive benefits to Crua include ongoing introductions by investors to significant sales leads and potential suppliers, on-the-ground support from Point Positive staff including identification of local services, office space and more.

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LC Drives

 
Melinda L. Little, Coordinator
PO Box 1281, Saranac Lake, NY 12983
...
Phone: (518) 354-0202