American Provenance

American Provenance

Early Stage

The natural grooming solution for the every-man

The natural grooming solution for the every-man

Overview

Raised to Date: Raised: $112,401

Total Commitments ($USD)

Platform

Republic

Start Date

06/10/2021

Close Date

10/05/2021

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

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,800,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2021

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

$969

# of Investors

162

Momentum
Funded
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Year Founded

2018

Industry

Beauty & Personal Care

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Mount Horeb, Wisconsin

Business Type

Growth

American Provenance, with a valuation cap of $4.8 million, is raising crowdfunding on Republic. The company makes safe, effective, and all-natural men’s grooming products, including deodorants and skin care applications. The products are made using simple ingredients that work with the body, not against it. Kyle LaFond founded American Provenance in May 2018. The proceeds of the current crowdfunding raise, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used to continue to build a brand reputation and launch new scents and product lines. American Provenance products sell at over 4,000 stores and have generated $3 million in lifetime revenues. The business generated $769,000 in revenue in 2019 and projects to generate over $1 million in 2021.


Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$723,356

$769,272

COGS

$417,213

$529,814

Tax

$0

$0

 

 

Net Income

$-697,290

$-634,649

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,879

$45,459

Accounts Receivable

$43,941

$30,918

Total Assets

$262,995

$390,430

Short-Term Debt

$377,957

$387,180

Long-Term Debt

$885,211

$558,748

Total Liabilities

$1,263,168

$945,928

Financials as of: 06/10/2021
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American Provenance on Republic 2021
Platform: Republic
Security Type: SAFE
Valuation: $4,800,000

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