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

Point Positive initial investment: $262,500 initial convertible debt deal with follow-on investment for a total to date of $415,000. On July 16. 2020 Crua announced that they had raised an additional $380,000 in Latest Seedrs Fundraising Campaign exceeding $250,000 goal. The ew funds will be used for new tent rental website and other initiatives.

Job Creation and Benefits

At the beginning, 2.5 employees (FTE) based in Saranac Lake and growing. 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 £6,997,709, and the satisfaction of helping an entrepreneur succeed. Crua also plans to introduce a tent rental program later this year which promises to be a valuable resource for folks who want to try out camping for the first time.  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