Hyperlite Mountain Gear Inc.
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Hyperlite Mountain Gear Inc. - overview
Established
2009
Location
Biddeford, ME, US
Primary Industry
Consumer Products
About
Based in the US, Hyperlite Mountain Gear Inc. specializes in designing and manufacturing high-performance outdoor gear tailored for backpacking, hiking, and multi-sport activities, utilizing innovative materials for optimal functionality. Hyperlite Mountain Gear Inc. creates lightweight outdoor gear, primarily catering to backpackers and outdoor enthusiasts.
Founded in 2009 in Biddeford, US, by Dan St Pierre and Mike Pierre, the company most recently raised USD 1. 10 mn in a funding round led by CEI Ventures Management on March 8, 2021. Their total amount raised to date is USD 1. 10 mn through 6 deals.
Hyperlite Mountain Gear specializes in lightweight and durable outdoor gear designed for backpacking, hiking, and multi-sport activities. Their core offerings include the CrossPeak 2 tent, which is freestanding and built for various conditions, along with a selection of technical backpacks, sleep accessories, and storage solutions made from Dyneema®, the world's strongest fiber. These products cater to outdoor enthusiasts who prioritize weight, durability, and water protection, enhancing their outdoor experiences across the US, Canada, and select international markets in Europe and Asia. Hyperlite Mountain Gear generates revenue through direct-to-consumer sales on its online platform, as well as partnerships with select retailers and outdoor specialty shops.
Products range in price from USD 349 to USD 950 based on size and specifications. The company's revenue model includes seasonal promotions and product bundles to engage customers and drive sales while focusing on high-performance outdoor gear that meets the expectations of their niche market. The company plans to introduce new product lines and expand its geographic reach into additional international markets by 2023. The recent funding of USD 1.
10 mn will support these initiatives, enabling Hyperlite Mountain Gear to enhance product development and expand marketing efforts to increase brand awareness in targeted regions. The investment from T-Street Capital and others in March 2021 will play a crucial role in executing these growth strategies.
Current Investors
T-Street Capital, Telluride Venture Fund, Maine Venture Fund
Primary Industry
Consumer Products
Sub Industries
Recreational Hobbies & Sporting Goods, Recreational Product Stores
Website
www.hyperlitemountaingear.com
Verticals
E-commerce, Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Hyperlite Mountain Gear Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Hyperlite Mountain Gear Inc. | - |
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