CLICS

Deal To Watch
BETA

Digital hair color mixing system — helping salons reduce cost and waste

Analytics

Raised to Date: $348,721

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

Weekly Commitments $
Status

Active

Reporting Date

01/24/2021

Days Remaining

15

% of Min. Goal

349%

% of Max. Goal

33%

Likelihood of Max
Avg. Daily Raise

$4,588

# of Investors

76

Momentum
Location

La Jolla, California

Industry

Beauty & Personal Care

Tech Sector

CommerceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

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. Leilani Macedo and Charles Brown founded CLICS in 2016 and have 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

Ratings

last updated 01/26/2021

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Analyst Report

Deal To Watch
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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