Fundraising Fox

Hyperlite Mountain Gear

Biddeford, US · Founded 2010 · Maine corporation · 1 known investors

Hyperlite Mountain Gear designs and sells lightweight backpacking and outdoor gear, including backpacks, stuff sack pillows, and packing accessories made with Dyneema composite materials. Its products are aimed at hikers and backpackers.

Also known as HMG

Founders & leadership

Hyperlite Mountain Gear was founded in 2010 by Michael St. Pierre.

MS
Michael St. PierreFounder

Investors · 1

Reported raises · per SEC filings

Form D private placements

$10.1M disclosed across 5 of 6 rounds · 2014–2022

$1000KraisedMay 2022 · 1 investors · Retailing
Rule 506(b)
Officers, directors & promoters on the filing
  • Dale L CheneyDirector
  • Kurt DaltonDirector
  • William ManzerDirector
  • Daniel St. PierreExecutive Officer, Director
  • Michael St. PierreExecutive Officer, Director
Offering amount
$1000K
Amount sold
$1000K
Finders' fees
$320K
First sale
May 2022
Incorporated
Corporation, Maine
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$5.6MraisedMar 2021 · 15 investors · Retailing
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael St. PierreExecutive Officer, Director
  • Daniel St. PierreExecutive Officer, Director
  • William ManzerDirector
  • Dale L CheneyDirector
  • Kurt DaltonDirector
Offering amount
$5.6M
Amount sold
$5.6M
Finders' fees
$320K
Placement agents
Oberon Securities, LLC
First sale
Mar 2021
Incorporated
Corporation, Maine
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.5MraisedFeb 2020 · 14 investors · Retailing
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael St. PierreExecutive Officer, Director
  • Paul GagnerDirector
  • Kurt DaltonDirector
  • Daniel St. PierreExecutive Officer, Director
Offering amount
$2M
Amount sold
$1.5M
Minimum investment
$5K
First sale
Jan 2019
Incorporated
Corporation, Maine
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.1MraisedNov 2015 · 17 investors · Retailing
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael St. PierreExecutive Officer, Director
Offering amount
$1.2M
Amount sold
$1.1M
Minimum investment
$24K
First sale
Nov 2015
Incorporated
Corporation, Maine
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$908.9KraisedAug 2014 · 10 investors · Retailing
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael St. PierreExecutive Officer, Director
Offering amount
$1M
Amount sold
$908.9K
First sale
Jul 2014
Incorporated
Corporation, Maine, 2010
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Hyperlite Mountain Gear designs and manufactures ultralight outdoor equipment, including backpacks, tents, tarps, sleep systems and accessories, built primarily from Dyneema Composite Fabrics (originally known as Cuben Fiber). The product range spans backpacking and thru-hiking packs such as the Southwest, Windrider, Junction and Unbound (40L, 55L and 70L volumes, priced from about $395), climbing and ski-touring packs (Vertex 32, Aspect 32, Ice Pack), fastpacking vests such as the Pemi 15 (built with ALUULA 97 fabric and thermo-welding, from $250), pyramid shelters and fully enclosed tents (UltaMid 1/2/4, Mid 1, Unbound 2, CrossPeak 1 and 2, priced from roughly $450 to $950), 20-degree mummy bags and 20/40-degree quilts, and roughly 66 accessory items including stuff sacks, pods, food bags, fanny packs, camera pods, wallets and umbrellas [0][1][2][4].

The company positions its gear around a stated balance of weight, durability and water protection, organizes its catalog by activity (backpacking, thru hiking, fastpacking, single-day pursuits, backcountry skiing, bikepacking, packrafting, canyoneering) and supports products with a repair and warranty program [0][2]. Manufacturing has historically been kept in-house at the Pepperell Mill in Biddeford, Maine, with materials sourced in the United States; in 2020 the company added production capacity through a partner facility in Mexico [3][5][6].

Founding story

Mike St. Pierre, originally from Pennsylvania and previously a commercial fisherman, Portland chef and New York City restaurant worker, moved permanently to Maine in 2009 and began developing his own gear after being unable to find durable, lightweight, design-driven equipment. He studied fabric technology, design and production, and brought in his brother Dan St. Pierre to handle business and finance. The pair spent roughly a year prototyping and testing before commercializing the initial line [3][5][6].

Business model

Hyperlite Mountain Gear manufactures and sells branded outdoor hard goods, historically producing in-house at its Biddeford, Maine facility with U.S.-sourced materials and later adding contract production capacity in Mexico. It sells primarily through its own e-commerce site, including a small number of third-party items such as Therm-a-Rest sleeping pads, and offers free U.S. shipping on orders over $300 [0][3][6].

Direct sales of backpacks, shelters, sleep systems, apparel-adjacent merchandise and accessories at premium price points (packs from $395, tents $450-$950, accessories from $20) through the company's online store [0][4].

Traction

By January 2017 the company had grown to 56 full-time and 2 part-time employees across three expansions at the Pepperell Mill; a third-party data provider estimates 2025 revenue in the $10-$100 million range with employee count in the 10-100 band. Trademark filings include HYPERLITE (2016), EVERYTHING LESS MATTERS (2019) and BETTER BACKPACKING (2023) [5][7].

Latest developments

Recent product introductions include the CrossPeak 1, a 28.7 oz freestanding solo Dyneema tent inspired by the CrossPeak 2; the Pemi 15 hybrid running vest using ALUULA 97 and thermo-welding; a 20-degree mummy sleeping bag; and redesigned Unbound 40 and 55 packs, alongside new fabric and design updates to the Southwest, Junction and Windrider lines [0][1].

Full profile — market position, technology, go-to-market, geography, history

Market position

The company describes itself as a premium brand for backcountry adventure gear and is classified under Sporting & Athletic Goods Manufacturing (NAICS 33992), with third-party estimates placing annual revenue in the $10-$100 million range [3][7].

The company emphasizes stripped-down, utilitarian designs without added features, an in-house U.S. manufacturing model that allows real-time production changes and low inventory holds, use of high-performance composite fabrics, and a stated 'hand-built in America' approach; leadership frames the brand as opposed to feature-heavy, high-weight conventional outdoor gear [5][6].

Technology

Products are built with Dyneema Composite Fabrics (formerly Cuben Fiber) and other advanced textiles such as ALUULA 97, using techniques including thermo-welding and precision sewing; the company cites materials technology as a core competitive advantage and describes CAD programming, cutting and stitching workflows requiring two to four months of job-specific training for production staff [0][3][5][6].

Go-to-market

Direct-to-consumer e-commerce supported by content marketing (The Trailhead blog, trip reports), a gear-match quiz for pack selection, athlete and 'picks by pros' collaborations, and field testing with elite adventurers who help refine products [0][2][3].

Backpackers, thru hikers, fastpackers, alpinists and climbers, backcountry skiers, ice climbers, bikepackers, packrafters and canyoneers, as well as everyday backpack users [0][3][5].

Geography

Headquartered and manufacturing in Biddeford, Maine at the Pepperell Mill Campus (40 Main St, Suite 13120), with an additional partner production facility in Mexico since 2020 and worldwide customer reach [3][5][6][7].

History

The business began in a garage in Kennebunk, Maine in 2009 and moved into Biddeford's North Dam/Pepperell Mill in 2011 to build a production facility, undergoing three expansions within the mill. By early 2017 it employed 56 full-time and 2 part-time staff and was hiring. In 2016 it closed a $250,000 investment from CEI Ventures after several years of discussions. In 2020 it expanded production capacity through a partner facility in Mexico. Mike St. Pierre serves as CEO and Dan St. Pierre as CFO [3][5][6].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Accessory products listedJan 202666 products
Estimated annual revenueJan 2025$10 - $100 million
Estimated employee rangeAug 202610 - 100
Full-time employeesJan 201756 employees
Part-time employeesJan 20172 employees

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 1

by search overlap

Companies competing with Hyperlite Mountain Gear for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 6

launches, deals, and filings
Jan 2026
CrossPeak 1 solo tent

Launch of the CrossPeak 1, a 28.7 oz freestanding one-person tent with waterproof Dyneema construction, priced at $825.

source ↗

Jan 2026
Pemi 15 fastpacking vest

Launch of the Pemi 15, a small-volume hybrid running vest built with ALUULA 97 fabric and thermo-welding technology, priced from $250.

source ↗

Jan 2026
Redesigned Unbound 40 and 55 packs and 20-degree mummy bag

Introduction of redesigned Unbound 40 and 55 long-distance hiking packs and a 20-degree mummy sleeping bag.

source ↗

Jan 2020
Added partner manufacturing facility in Mexico

The company expanded production capabilities by partnering with a facility in Mexico to scale output.

source ↗

Jan 2016
CEI Ventures invests $250,000

After several years of discussions with CEI, founders Mike and Dan St. Pierre closed a $250,000 investment from CEI Ventures in 2016.

$250K source ↗

Jan 2011
Move into Biddeford's North Dam / Pepperell Mill

After about a year commercializing the initial product line in a Kennebunk garage, the company moved into the North Dam Mill in Biddeford in 2011 to build its production facility.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Hyperlite Mountain GearMaine

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Hyperlite Mountain Gear do?
Maine-based maker of ultralight Dyneema backpacks, shelters and accessories for backpacking, alpine and ski touring.
Who founded Hyperlite Mountain Gear?
Hyperlite Mountain Gear was founded by Michael St. Pierre in 2010.
Who are Hyperlite Mountain Gear's investors?
Hyperlite Mountain Gear's investors include CEI Ventures.
How much funding has Hyperlite Mountain Gear raised?
Hyperlite Mountain Gear has disclosed $10.1M raised across 5 of its 6 known rounds.
Where is Hyperlite Mountain Gear headquartered?
Hyperlite Mountain Gear is headquartered in Biddeford, US.