Aera

Aera

Early Stage

Luxury, vegan and 110% sustainable footwear

Luxury, vegan and 110% sustainable footwear

Overview

Raised to Date: Raised: $129,919

Total Commitments ($USD)

Platform

Republic

Start Date

06/11/2020

Close Date

12/01/2020

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$755

# of Investors

242

Momentum
Funded
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Year Founded

2018

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

New York, New York

Business Type

Growth

Aera, with a $5 million valuation cap, is raising crowdfunding on Republic. The company makes luxury, vegan, and sustainable footwear. The footwear is handmade by local artisans in Veneto, Italy, and is offsetting environmental impacts by 110%. The product line consists of 15 women’s and five men’s styles. Aera was founded by Tina Bhojwani, Jean-Michel Cazabat, and Alvertos Revach in November 2018 and has raised over $1 million since its founding. The proceeds of the current crowdfunding campaign, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used for the launch and growth. Aera places equal value on the product, people, and the planet and is tapping into the personal luxury goods market. The company plans to work on 80% online and 20% wholesale business model.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$63,353

$0

COGS

$20,494

$38,310

Tax

$0

$0

 

 

Net Income

$-796,129

$-127,733

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$11,928

$103,484

Accounts Receivable

$437

$437

Total Assets

$176,575

$103,921

Short-Term Debt

$300,000

$31,217

Long-Term Debt

$0

$0

Total Liabilities

$300,000

$31,217

Financials as of: 06/11/2020
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Aera on Republic
Platform: Republic
Security Type: SAFE
Valuation: $5,000,000

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