CLICS
Digital hair color mixing system — helping salons reduce cost and waste
Analytics
Raised to Date: $1,070,000
Aggregate Commitments $
Platform
Wefunder
Start Date
11/09/2020
Close Date
02/11/2021
Min. Goal
$100,004
Max. Goal
$1,069,998
Min. Investment
$250
Security Type
Equity - Preferred
Funding Type
RegCF
Series
Seed
Pre-Money Valuation
$20,000,000
Rolling Commitments $
Status
Funded
Reporting Date
02/28/2021
Days Remaining
Funded
% of Min. Goal
1,070%
% of Max. Goal
100%
Likelihood of Max
Funded
Avg. Daily Raise
$11,383
# of Investors
195
Momentum
Funded
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Founder Profile
Location
La Jolla, California
Industry
Beauty & Personal Care
Tech Sector
CommerceTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
CLICS, with a pre-money valuation of $20 million, is raising funds on Wefunder. The company has developed an app-powered digital system for mixing hair colors in salons. The CLICS system is used by stylists and salon owners to source hair color, automate color formulation, eliminate wastage, and record and report service details for quality control management. Charles Brown founded CLICS in 2016 and has raised over $5.6 million since its inception. The current round of crowdfunding has a minimum target of $100,004 and a maximum target of $1,069,998. The raise’s proceeds will be used for general operations, sales and marketing, new product development, capital equipment, and intellectual property. CLICS has been a highly scalable business and reported revenue growth of 2,574% from Q2 to Q3 2020.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$18 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,615,891 |
$-1,161,551 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$83,148 |
$106,537 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,197,307 |
$216,821 |
|
Short-Term Debt |
$2,652,470 |
$66,093 |
|
Long-Term Debt |
$10,000 |
$0 |
|
Total Liabilities |
$2,662,470 |
$66,093 |
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