AmmoSquared Inc was started with a clear goal: Simplify Ammunition Ownership. Our customers accumulate ammunition online in an “ammo bank account”, we call it the AMMO² Wallet, which is then backed with physical ammunition. Ammo is secured and insured in our climate controlled warehouse but also accessible for immediate delivery. Ammo can be easily purchased, shipped, sold, exchanged, or transferred to others. Our revolutionary approach transforms ammunition into a valuable, inflation proof commodity that can be accumulated over time and managed online without any of the risk or hassle of storing physical ammunition.
You’re witnessing a true American Dream in the making. Starting out of their garage in 2015, Dan and Danielle Morton saw a way to simplify the purchase of ammunition... customers should be able to buy ammo over time like funding a savings account. With that idea AmmoSquared (AMMO² for short) was born.
In September 2015, AmmoSquared LLC was launched with just 4 calibers: 9mm, 45 ACP, 223 and 308 Winchester. The first customer signed up in November and it was soon off to the races. Each month, the couple would add new offerings to the growing list of calibers until there were dozens, and eventually hundreds of different calibers and variations
While the first website wasn’t user friendly but it was just good enough to get the message out there and have forward thinking customers sign up for this new “ammo accumulation program”.
Through word of mouth and some internet influencers, AmmoSquared was able to grow to just over 600 active subscribers by the end of 2016.
After two years of working from their garage, the husband and wife team moved to 1500sf of leased commercial space in Nampa, Idaho in order to better store, receive, and ship ammunition. During this time, they also added the ability to purchase special one off items such as magazines and limited ammunition types not found in the subscription model.
Business continued to ebb and flow but was still a part time venture for the couple. After two years with the subscriber count more or less the same as 2016, Dan and Danielle made the difficult decision to take the leap and devote more energy to the growth of AmmoSquared. In September 2018, Dan quit his job in corporate product marketing and devoted his attention to the company full time while living off of credit cards and a dwindling savings account.
With more focus on growing the company, it wasn’t long before the couple outgrew its early website and set out to build a new one. In order to do this, Dan and Danielle teamed up with Chris Corriveau and Clay Knight and formed a new company (AmmoSquared Inc. a Delaware C-Corp) in order to raise capital and lay a proper technological base for the future.
On Thanksgiving 2019, the newly formed company launched a public crowdfund offering on Wefunder.
The equity raise closed in April 2020 with $300k from the crowdfund campaign as well as another $100k from a handful of separate accredited investors at a $4.49m valuation. With these additional funds the company was able to begin to scale the business through larger ammo purchasing and start the design of the new web application.
During 2020, demand for ammunition spiked significantly around the country as store shelves started to get cleaned out. During the months of July and August the company added 1,000 new subscribers each month! This was a huge increase and necessitated more warehouse space. Active subscribers broke 3,000 in August.
In September, the company moved into a new 7,500 sf climate controlled building in Nampa - just around the corner from the previous location. The company also hired three new employees to help with the customer service and shipping volume.
After a year of planning and development, the company launched their custom web app on February 19th. AMMOSQUARED 2.0 was a huge departure from the old design. The custom build moved them away from a web interface designed for ecommerce and toward something new and exciting: a digital ammo wallet with much more functionality. AmmoSquared Inc. also hit 5,000 active customers for the first time, another major milestone.
This year saw steady growth for the company along with many internal enhancements to streamline operations. No longer were individual pickers determining what brands to ship out, instead a sophisticated algorithm determined exactly what should go into each customer’s shipment, removing most human error. Also, during this year the company streamlined ammo offerings to just under 100 of the most popular caliber options and removed non-ammo products from the site. The way forward became clear: ammunition as a store of value (like gold) and a medium of exchange (like cash). The AMMO² Wallet was officially released along with much greater functionality for customers including the ability to buy or sell ammo with limit orders and send ammo to anyone with just an email address.[You Are Here]
The Future of AmmoSquared Inc.
In the years ahead the company will be looking at adding additional warehouses in other parts of the country to speed up delivery and lower shipping costs. The company will also continue to roll out new features and functionality on the AMMOSQUARED® 2.0 platform with the goal of revolutionizing how gun owners think about, store, and use ammunition.
Meet our leadership
Our people are the magic of what makes AmmoSquared possible.
Co-Founder / CEO
Co-Founder / Operations
Co-Founder / CTO